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

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

Triumph Group Trading Up 0.7 %

TGI stock traded up $0.18 during trading on Monday, hitting $25.37. 2,598,443 shares of the stock traded hands, compared to its average volume of 2,167,459. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 3.52 and a beta of 2.51. Triumph Group has a one year low of $11.01 and a one year high of $25.41. The company has a 50 day simple moving average of $19.48 and a 200 day simple moving average of $16.43.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TGI. Robert W. Baird reiterated a "neutral" rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut Triumph Group from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. StockNews.com raised shares of Triumph Group from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target 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.