Triumph Group (NYSE:TGI) released its quarterly earnings results on Thursday. The aerospace company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.04, Briefing.com reports. The firm had revenue of $772.10 million for the quarter, compared to analyst estimates of $717.39 million. Triumph Group had a negative net margin of 6.96% and a negative return on equity of 29.65%. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. Triumph Group updated its FY20 guidance to $2.35-2.95 EPS.
Shares of TGI stock traded up $1.34 during trading on Friday, hitting $27.70. 969,131 shares of the stock traded hands, compared to its average volume of 588,961. The firm has a market capitalization of $1.33 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 1.88 and a beta of 2.75. The firm’s fifty day moving average price is $21.85 and its 200-day moving average price is $22.02. Triumph Group has a 52-week low of $11.16 and a 52-week high of $28.15.
Several analysts have recently commented on TGI shares. Cowen reaffirmed a “hold” rating and set a $22.00 price target on shares of Triumph Group in a research report on Thursday. Barclays lowered shares of Triumph Group from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $23.00 to $20.00 in a research report on Friday, August 23rd. Finally, ValuEngine raised shares of Triumph Group from a “strong sell” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.58.
About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
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