Triumph Group (TGI) Receiving Somewhat Favorable News Coverage, Report Finds
News stories about Triumph Group (NYSE:TGI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Triumph Group earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the aerospace company an impact score of 45.3082086388656 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities analysts have weighed in on TGI shares. Vertical Research upgraded shares of Triumph Group from a “sell” rating to a “hold” rating and upped their price objective for the stock from $24.00 to $31.00 in a research report on Wednesday, May 24th. Royal Bank Of Canada restated an “outperform” rating and set a $37.00 price objective (up from $35.00) on shares of Triumph Group in a research report on Thursday, May 25th. Standpoint Research cut shares of Triumph Group from a “buy” rating to a “reduce” rating in a research report on Thursday, May 25th. They noted that the move was a valuation call. Canaccord Genuity upped their price objective on shares of Triumph Group from $30.00 to $34.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Finally, ValuEngine cut shares of Triumph Group from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Triumph Group presently has a consensus rating of “Hold” and an average price target of $30.33.
Triumph Group (NYSE:TGI) traded up 2.01% during midday trading on Friday, reaching $27.90. 1,720,058 shares of the company traded hands. The firm’s market capitalization is $1.38 billion. The company’s 50-day moving average price is $26.59 and its 200 day moving average price is $27.65. Triumph Group has a 12 month low of $19.65 and a 12 month high of $34.80.
Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.63). Triumph Group had a positive return on equity of 28.96% and a negative net margin of 1.89%. The business had revenue of $781.70 million during the quarter, compared to analysts’ expectations of $804.26 million. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Triumph Group’s quarterly revenue was down 12.5% on a year-over-year basis. On average, equities analysts anticipate that Triumph Group will post $1.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.57%. The ex-dividend date was Wednesday, August 30th. Triumph Group’s payout ratio is -12.12%.
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About Triumph Group
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