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

Triumph Group (NYSE:TGI) issued its quarterly earnings data on Monday. The aerospace company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03, Zacks reports. Triumph Group had a net margin of 45.08% and a negative return on equity of 52.06%.

Triumph Group Stock Performance

Shares of TGI opened at $25.36 on Wednesday. The firm’s 50-day simple moving average is $19.61 and its two-hundred day simple moving average is $16.49. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $25.41. The stock has a market cap of $1.96 billion, a PE ratio of 3.52 and a beta of 2.51.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. TD Cowen raised shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Robert W. Baird reissued a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Finally, Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.