Triumph Group (NYSE:TGI) Posts Earnings Results, Beats Expectations By $0.03 EPS

Triumph Group (NYSE:TGI) issued its quarterly earnings results on Thursday. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03, Zacks reports. Triumph Group had a net margin of 43.70% and a negative return on equity of 8.68%.

Triumph Group Trading Down 0.1 %

Triumph Group stock traded down $0.03 during midday trading on Thursday, reaching $25.16. 2,942,869 shares of the stock traded hands, compared to its average volume of 2,109,621. The firm has a fifty day moving average price of $19.10 and a two-hundred day moving average price of $16.25. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 3.69 and a beta of 2.51. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $25.34.

Wall Street Analysts Forecast Growth

TGI has been the topic of several research reports. Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Truist Financial upped their price target on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $21.00 to $26.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.78.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, cyber protected process controllers, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.