Triumph Group (TGI) Scheduled to Post Quarterly Earnings on Tuesday

Triumph Group (NYSE:TGI - Get Free Report) is set to announce its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.

Triumph Group (NYSE:TGI - Get Free Report) last announced its earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). The business had revenue of $281.00 million for the quarter, compared to analysts' expectations of $274.64 million. Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The business's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) earnings per share. 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 Price Performance

Shares of TGI traded up $0.57 during mid-day trading on Friday, reaching $15.90. 655,378 shares of the company's stock were exchanged, compared to its average volume of 870,993. The business's fifty day simple moving average is $13.74 and its 200-day simple moving average is $14.38. Triumph Group has a 52-week low of $9.68 and a 52-week high of $17.87. The stock has a market capitalization of $1.23 billion, a PE ratio of 2.39 and a beta of 2.48.

Analyst Ratings Changes

A number of research firms recently weighed in on TGI. Bank of America lowered shares of Triumph Group from a "buy" rating to an "underperform" rating and lowered their price objective for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. lowered shares of Triumph Group from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Jefferies Financial Group reiterated a "hold" rating and issued a $14.00 price objective (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. The Goldman Sachs Group lowered shares of Triumph Group from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Finally, Barclays reduced their target price on Triumph Group from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.