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

Triumph Group (NYSE:TGI) is set to release its earnings data before the market opens on Tuesday, November 12th. Analysts expect Triumph Group to post earnings of $0.06 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $281.00 million during 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 firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) EPS. 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 Stock Performance

TGI stock opened at $15.90 on Friday. The company has a market capitalization of $1.23 billion, a PE ratio of 2.39 and a beta of 2.48. Triumph Group has a one year low of $9.68 and a one year high of $17.87. The company’s 50 day moving average price is $13.78 and its two-hundred day moving average price is $14.41.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TGI. Bank of America downgraded shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lowered Triumph Group from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. The Goldman Sachs Group downgraded 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. Truist Financial cut their target price on shares of Triumph Group from $15.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, October 18th. Finally, Barclays lowered their price target on shares of 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 issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.