Triumph Group (TGI) Posts Quarterly Earnings, Beats Expectations By $0.26 EPS
Triumph Group (NYSE:TGI) posted its quarterly earnings results on Wednesday. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.26, American Banking & Market News reports.
A number of analysts have recently weighed in on TGI shares. Analysts at Topeka Capital Markets initiated coverage on shares of Triumph Group in a research note to investors on Tuesday, January 21st. They set a “hold” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. initiated coverage on shares of Triumph Group in a research note to investors on Tuesday, December 17th. They set an “overweight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Triumph Group in a research note to investors on Thursday, October 31st. They now have a $85.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.27.
Triumph Group (NYSE:TGI) opened at 77.42 on Wednesday. Triumph Group has a one year low of $67.90 and a one year high of $85.50. The stock’s 50-day moving average is $76.11 and its 200-day moving average is $74.73. The company has a market cap of $4.011 billion and a P/E ratio of 15.17.
Triumph Group, Inc (NYSE:TGI) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.