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

Triumph Group (NYSE:TGI) posted its quarterly earnings results on Monday. The aerospace company reported $0.27 earnings per share for the quarter, topping 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 $25.37 on Tuesday. The stock has a market capitalization of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.51. The company’s fifty day moving average is $19.48 and its two-hundred day moving average is $16.43. Triumph Group has a 1 year low of $11.01 and a 1 year high of $25.41.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday. Robert W. Baird reiterated a “neutral” rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Finally, Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.78.

Triumph Group Company Profile

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.