Somewhat Positive Press Coverage Somewhat Unlikely to Affect Triumph Group (TGI) Stock Price
News headlines about Triumph Group (NYSE:TGI) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Triumph Group earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the aerospace company an impact score of 45.9368364727395 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s rankings:
- Triumph Signs Contract Extensions with Boeing for Ducting and … – Business Wire (press release) (businesswire.com)
- Triumph Group Inc (TGI) Shares Moving On Volume – Newburgh Gazette (newburghgazette.com)
- Aerospace & Defense ETF (XAR) Hits New 52-Week High – Nasdaq (nasdaq.com)
- BRIEF-Triumph signs contract extensions with Boeing for ducting and floor panels (TGI, BA) (markets.businessinsider.com)
- Triumph Signs Contract Extensions with Boeing for Ducting and Floor Panels (finance.yahoo.com)
Triumph Group (NYSE:TGI) traded up 0.72% during mid-day trading on Friday, hitting $28.05. The stock had a trading volume of 866,975 shares. The firm has a 50-day moving average of $26.72 and a 200-day moving average of $27.67. The stock’s market cap is $1.39 billion. Triumph Group has a 52-week low of $19.65 and a 52-week high of $34.80.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.63). The firm had revenue of $781.70 million for the quarter, compared to analyst estimates of $804.26 million. Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS. On average, analysts forecast that Triumph Group will post $1.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.57%. Triumph Group’s payout ratio is currently -12.12%.
Several analysts have issued reports on TGI shares. Cowen and Company reaffirmed a “market perform” rating and set a $24.00 target price (down previously from $32.00) on shares of Triumph Group in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 target price (up previously from $29.00) on shares of Triumph Group in a research report on Tuesday, May 30th. Robert W. Baird reaffirmed a “buy” rating and set a $34.00 target price on shares of Triumph Group in a research report on Friday, September 8th. Bank of America Corporation reaffirmed an “underperform” rating and set a $27.00 target price (down previously from $30.00) on shares of Triumph Group in a research report on Saturday, August 26th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $34.00 target price on shares of Triumph Group in a research report on Thursday, July 20th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $30.33.
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Triumph Group Company Profile
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