Triumph Group (NYSE:TGI) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Triumph Group (NYSE:TGI) released its earnings results on Thursday. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, beating 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 Stock Performance

Shares of TGI stock traded down $0.03 during trading hours on Thursday, reaching $25.16. The company had a trading volume of 2,942,869 shares, compared to its average volume of 2,109,621. The company has a market capitalization of $1.95 billion, a P/E ratio of 3.69 and a beta of 2.51. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.34. The stock’s fifty day simple moving average is $19.10 and its 200 day simple moving average is $16.25.

Analysts Set New Price Targets

TGI has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded 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. Robert W. Baird reiterated a “neutral” rating and set a $26.00 target price (up from $20.00) on shares of Triumph Group in a research report on Tuesday. Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Truist Financial increased their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.78.

About Triumph Group

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.