Triumph Group (NYSE:TGI) posted its quarterly earnings data on Thursday. The aerospace company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.04, Briefing.com reports. The firm had revenue of $772.10 million during the quarter, compared to analysts’ expectations of $717.39 million. Triumph Group had a negative net margin of 6.96% and a negative return on equity of 29.65%. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. Triumph Group updated its FY20 guidance to $2.35-2.95 EPS.
Shares of NYSE:TGI traded up $1.34 during mid-day trading on Friday, reaching $27.70. 969,131 shares of the company were exchanged, compared to its average volume of 588,961. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 1.88 and a beta of 2.75. The firm’s 50-day simple moving average is $21.85 and its 200 day simple moving average is $22.02. Triumph Group has a 1 year low of $11.16 and a 1 year high of $28.15.
TGI has been the subject of a number of research analyst reports. ValuEngine raised shares of Triumph Group from a “strong sell” rating to a “sell” rating in a research report on Friday. Barclays cut shares of Triumph Group from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $23.00 to $20.00 in a research report on Friday, August 23rd. Finally, Cowen reaffirmed a “hold” rating and set a $22.00 price objective on shares of Triumph Group in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Triumph Group currently has an average rating of “Hold” and an average target price of $23.58.
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
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