Triumph Group Inc. (TGI) Stock Price Down 2%
Triumph Group Inc. (NYSE:TGI) was down 2% during mid-day trading on Tuesday . The company traded as low as $31.83 and last traded at $31.92, with a volume of 112,595 shares changing hands. The stock had previously closed at $32.56.
A number of equities research analysts recently issued reports on TGI shares. Jefferies Group lowered their target price on shares of Triumph Group from $54.00 to $44.00 and set a “buy” rating for the company in a report on Friday, July 29th. Standpoint Research restated a “buy” rating on shares of Triumph Group in a report on Wednesday, July 27th. Credit Suisse Group AG restated a “buy” rating and issued a $44.00 target price on shares of Triumph Group in a report on Friday, July 29th. Deutsche Bank AG restated a “buy” rating and issued a $45.00 target price (up from $40.00) on shares of Triumph Group in a report on Monday, June 13th. Finally, Canaccord Genuity restated a “hold” rating on shares of Triumph Group in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $45.92.
The stock’s market cap is $1.56 billion. The company has a 50-day moving average price of $33.32 and a 200-day moving average price of $34.05.
Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.10. The firm earned $893.30 million during the quarter, compared to analyst estimates of $896.80 million. During the same quarter in the previous year, the business earned $1.31 earnings per share. Triumph Group’s revenue for the quarter was down 6.9% compared to the same quarter last year. Equities analysts anticipate that Triumph Group Inc. will post $3.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.50%.
Triumph Group, Inc (Triumph) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. It serves the aviation industry, including original equipment manufacturers (OEMs), of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.
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