Triumph Group (NYSE:TGI) Announces Earnings Results

Triumph Group (NYSE:TGI) released its quarterly earnings results on Monday. The aerospace company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03, Zacks reports. Triumph Group had a net margin of 45.08% and a negative return on equity of 52.06%.

Triumph Group Stock Performance

Shares of TGI opened at $25.37 on Tuesday. The company has a 50 day moving average price of $19.48 and a 200-day moving average price of $16.43. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $25.41. The stock has a market capitalization of $1.96 billion, a PE ratio of 3.52 and a beta of 2.51.

Wall Street Analyst Weigh In

TGI has been the subject of several research reports. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. TD Cowen raised shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday. Truist Financial increased their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. cut shares of Triumph Group from a “neutral” rating to an “underweight” rating and cut their price target for the company from $15.00 to $12.00 in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.