Triumph Group Inc (NYSE:TGI) declared a quarterly dividend on Thursday, November 14th, RTT News reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.04 per share by the aerospace company on Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.56%.
Shares of NYSE TGI opened at $28.49 on Friday. The stock has a market cap of $1.43 billion, a P/E ratio of 10.67, a P/E/G ratio of 2.33 and a beta of 2.75. The firm has a 50 day moving average price of $22.31 and a 200 day moving average price of $22.14. Triumph Group has a 52-week low of $11.16 and a 52-week high of $28.78.
Triumph Group (NYSE:TGI) last released its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The company had revenue of $772.10 million during the quarter, compared to analysts’ expectations of $717.39 million. Triumph Group had a negative net margin of 5.34% and a negative return on equity of 26.83%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. On average, analysts forecast that Triumph Group will post 2.54 EPS for the current year.
Several research firms have recently weighed in on TGI. ValuEngine upgraded shares of Triumph Group from a “strong sell” rating to a “sell” rating in a report on Friday, November 8th. Cowen reiterated a “hold” rating and issued a $22.00 price target on shares of Triumph Group in a report on Thursday, November 7th. Finally, Barclays cut shares of Triumph Group from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $23.00 to $20.00 in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $23.58.
Triumph Group Company Profile
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
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