Triumph Group (NYSE:TGI) Posts Earnings Results, Beats Expectations By $0.03 EPS

Triumph Group (NYSE:TGI) posted its quarterly earnings results on Monday. The aerospace company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 Price Performance

Shares of Triumph Group stock opened at $25.36 on Wednesday. The company’s fifty day simple moving average is $19.61 and its 200-day simple moving average is $16.49. The stock has a market capitalization of $1.96 billion, a PE ratio of 3.52 and a beta of 2.51. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.41.

Analysts Set New Price Targets

TGI has been the topic of a number of recent analyst reports. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Truist Financial raised their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird restated a “neutral” rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.