Triumph Group (TGI) Set to Announce Earnings on Tuesday

Triumph Group (NYSE:TGI) will be releasing its earnings data before the market opens on Tuesday, November 12th. Analysts expect Triumph Group to post earnings of $0.06 per share for the quarter.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The company had revenue of $281.00 million for the quarter, compared to analyst estimates of $274.64 million. During the same period last year, the business earned ($0.10) EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. 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 %

Triumph Group stock opened at $15.33 on Friday. The company has a market capitalization of $1.19 billion, a PE ratio of 2.31 and a beta of 2.48. Triumph Group has a 12-month low of $8.89 and a 12-month high of $17.87. The firm’s fifty day moving average is $13.74 and its 200 day moving average is $14.38.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and set a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and cut their price target for the stock from $17.00 to $12.00 in a report on Tuesday, September 24th. JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $15.00 to $12.00 in a report on Monday, October 14th. Barclays cut their target price on Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, The Goldman Sachs Group lowered shares of Triumph Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Triumph Group currently has a consensus rating of “Hold” and an average target price 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.