Triumph Group Inc. (TGI) Trading Up 2.9%
Shares of Triumph Group Inc. (NYSE:TGI) were up 2.9% during mid-day trading on Friday . The stock traded as high as $33.75 and last traded at $33.09, with a volume of 203,661 shares trading hands. The stock had previously closed at $32.17.
Several analysts have issued reports on TGI shares. Royal Bank Of Canada upped their price objective on Triumph Group from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, May 5th. Goldman Sachs Group Inc. upped their price objective on Triumph Group from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, May 9th. Canaccord Genuity restated a “hold” rating on shares of Triumph Group in a research note on Tuesday, May 10th. Jefferies Group reiterated a “buy” rating and set a $54.00 price target on shares of Triumph Group in a research report on Wednesday, June 1st. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $45.00 price target (up from $40.00) on shares of Triumph Group in a research report on Monday, June 13th. One investment 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 presently has an average rating of “Buy” and a consensus price target of $45.92.
The stock’s market capitalization is $1.65 billion. The stock’s 50-day moving average price is $33.20 and its 200 day moving average price is $34.04.
Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.10. The company earned $893.30 million during the quarter, compared to the consensus estimate of $896.80 million. During the same quarter last year, the firm earned $1.31 EPS. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities research analysts predict that Triumph Group Inc. will post $3.32 earnings per share for the current year.
The business 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. This represents a $0.16 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Tuesday, August 30th.
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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