Triumph Group (TGI) Set to Announce Quarterly Earnings on Tuesday

Triumph Group (NYSE:TGI) is set to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $281.00 million during the quarter, compared to the consensus estimate of $274.64 million. Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.10) EPS. On average, analysts expect Triumph Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Triumph Group Stock Down 2.5 %

NYSE:TGI opened at $15.33 on Friday. Triumph Group has a twelve month low of $8.89 and a twelve month high of $17.87. The stock’s 50-day simple moving average is $13.74 and its 200 day simple moving average is $14.38. The firm has a market capitalization of $1.19 billion, a PE ratio of 2.31 and a beta of 2.48.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TGI shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 price target (down from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Truist Financial dropped their price target on Triumph Group from $15.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, October 18th. JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and dropped their target price for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.78.

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.