Triumph Group Inc (NYSE:TGI)’s stock price reached a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $27.62 and last traded at $26.92, with a volume of 142248 shares. The stock had previously closed at $22.77.
The aerospace company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.04. The firm had revenue of $772.10 million for the quarter, compared to analysts’ expectations of $717.39 million. Triumph Group had a negative return on equity of 29.65% and a negative net margin of 6.96%. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS.
TGI has been the topic of a number of recent analyst reports. Cowen restated a “hold” rating and issued a $22.00 price target on shares of Triumph Group in a research report on Thursday. ValuEngine upgraded Triumph Group from a “strong sell” rating to a “sell” rating in a research report on Friday. Finally, Barclays cut Triumph Group from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $23.00 to $20.00 in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.58.
The stock has a 50-day simple moving average of $21.85 and a 200-day simple moving average of $22.02. The stock has a market cap of $1.33 billion, a P/E ratio of 11.12, a PEG ratio of 1.88 and a beta of 2.75.
About Triumph Group (NYSE:TGI)
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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