Triumph Group, Inc. (NYSE:TGI) announced 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 annualized dividend and a yield of 0.47%.
Triumph Group has a payout ratio of 4.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Triumph Group to earn $3.95 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 4.1%.
Shares of Triumph Group (NYSE:TGI) opened at 34.00 on Friday. The firm’s 50-day moving average price is $32.20 and its 200 day moving average price is $27.56. Triumph Group has a 52-week low of $19.65 and a 52-week high of $39.92. The company’s market capitalization is $1.69 billion.
Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, May 24th. The aerospace company reported $3.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $1.69. The business had revenue of $919.90 million for the quarter, compared to analyst estimates of $923.93 million. Triumph Group had a negative net margin of 1.22% and a positive return on equity of 32.58%. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share. On average, equities analysts forecast that Triumph Group will post $3.74 earnings per share for the current year.
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A number of equities analysts have recently commented on TGI shares. Zacks Investment Research lowered shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. BidaskClub raised shares of Triumph Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $35.00 target price on shares of Triumph Group in a research report on Tuesday, April 18th. ValuEngine lowered shares of Triumph Group from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 target price (up from $29.00) on shares of Triumph Group in a research report on Tuesday, May 30th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Triumph Group currently has an average rating of “Hold” and a consensus target price of $32.50.
About Triumph Group
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