Triumph Group Inc (TGI) Announces Quarterly Dividend of $0.04
Triumph Group (NYSE:TGI) declared a quarterly dividend on Monday, July 21st, American Banking News.com reports. Investors of record on Friday, August 29th will be given a dividend of 0.04 per share on Monday, September 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.24%.
Several analysts have recently commented on the stock. Analysts at RBC Capital downgraded shares of Triumph Group from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, July 1st. They now have a $67.00 price target on the stock, down previously from $73.00. On the ratings front, analysts at Bank of America downgraded shares of Triumph Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 17th. They now have a $73.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Topeka Capital Markets upgraded shares of Triumph Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 12th. They now have a $87.00 price target on the stock, up previously from $74.00. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $78.18.
Shares of Triumph Group (NYSE:TGI) traded up 0.02% during mid-day trading on Monday, hitting $65.89. 397,054 shares of the company’s stock traded hands. Triumph Group has a one year low of $61.41 and a one year high of $85.50. The stock’s 50-day moving average is $69.12 and its 200-day moving average is $67.8. The company has a market cap of $3.439 billion and a P/E ratio of 16.85.
Triumph Group (NYSE:TGI) last released its earnings data on Wednesday, May 7th. The company reported $1.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.31 by $0.08. The company had revenue of $936.40 million for the quarter, compared to the consensus estimate of $978.43 million. On average, analysts predict that Triumph Group will post $5.84 earnings per share for the current fiscal year.
Triumph Group, Inc (NYSE:TGI) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.
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