Triumph Group (TGI) Announces Quarterly Earnings, Misses Expectations By $0.02 EPS
Triumph Group (NYSE:TGI) issued its quarterly earnings data on Wednesday. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by $0.02, StockRatingsNetwork reports. The company had revenue of $896.91 million for the quarter, compared to the consensus estimate of $916.30 million. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Triumph Group updated its FY15 guidance to $5.75-5.90 EPS.
Triumph Group (NYSE:TGI) traded up 0.28% during mid-day trading on Wednesday, hitting $63.82. 717,373 shares of the company’s stock traded hands. Triumph Group has a 52-week low of $61.41 and a 52-week high of $80.52. The stock’s 50-day moving average is $68.09 and its 200-day moving average is $67.24. The company has a market cap of $3.331 billion and a P/E ratio of 16.28.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Wednesday, August 27th.
TGI has been the subject of a number of recent research reports. 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 equities 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.18.
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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