Triumph Group Inc Plans Quarterly Dividend of $0.04 (TGI)
Triumph Group Inc (NYSE:TGI) declared a quarterly dividend on Thursday, July 20th, RTT News reports. Shareholders of record on Friday, September 1st will be given a dividend of 0.04 per share by the aerospace company on Friday, September 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%.
Triumph Group has a payout ratio of 4.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Triumph Group to earn $4.10 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 3.9%.
Triumph Group (NYSE TGI) remained flat at $34.10 during midday trading on Thursday. The company’s stock had a trading volume of 598,287 shares. The stock’s market cap is $1.69 billion. The company has a 50 day moving average of $32.16 and a 200-day moving average of $27.51. Triumph Group has a 52-week low of $19.65 and a 52-week high of $39.92.
Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, May 24th. The aerospace company reported $3.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $1.69. Triumph Group had a negative return on equity of 55.68% and a negative net margin of 13.79%. The company had revenue of $919.90 million for the quarter, compared to the consensus estimate of $923.93 million. During the same quarter last year, the business posted $1.32 EPS. Triumph Group’s revenue for the quarter was down 13.0% on a year-over-year basis. Equities analysts anticipate that Triumph Group will post $3.74 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on TGI shares. Royal Bank Of Canada reissued a “buy” rating and set a $35.00 price objective on shares of Triumph Group in a report on Friday, May 19th. Jefferies Group LLC set a $29.00 target price on Triumph Group and gave the stock a “buy” rating in a research report on Saturday, May 6th. ValuEngine raised Triumph Group from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Canaccord Genuity raised their target price on Triumph Group from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Finally, Zacks Investment Research raised Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Triumph Group currently has a consensus rating of “Hold” and an average price target of $32.50.
Triumph Group Company Profile
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