Media headlines about Triumph Group (NYSE:TGI) have been trending somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Triumph Group earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news stories about the aerospace company an impact score of 46.2461735647299 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Triumph Group, Inc. (TGI) trend is considered bearish as stock price is -1.69% down from 50 SMA – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- Triumph Achieves Elite Supplier Status from Lockheed Martin RMS … – Business Wire (press release) (businesswire.com)
- Triumph Group, Inc. (TGI) Stock Mix Thrust In Focus on Profitability Analysis – Investing News Update (investingbizz.com)
- Trading summary on Triumph Group, Inc. (TGI) – Wall Street Morning (wallstreetmorning.com)
TGI has been the subject of several analyst reports. Royal Bank of Canada set a $37.00 price target on shares of Triumph Group and gave the company a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research downgraded shares of Triumph Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 10th. Finally, TheStreet downgraded shares of Triumph Group from a “c-” rating to a “d+” rating in a report on Wednesday, December 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.80.
Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.11. Triumph Group had a negative net margin of 7.68% and a positive return on equity of 27.59%. The company had revenue of $775.25 million during the quarter, compared to the consensus estimate of $769.08 million. During the same period in the previous year, the firm posted $1.01 EPS. The firm’s revenue was down 8.2% compared to the same quarter last year. equities research analysts anticipate that Triumph Group will post 2.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, February 28th. Triumph Group’s dividend payout ratio is currently -3.19%.
In other news, Director Joseph Silvestri sold 3,670 shares of Triumph Group stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $27.95, for a total transaction of $102,576.50. Following the completion of the sale, the director now directly owns 105,408 shares of the company’s stock, valued at approximately $2,946,153.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.
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Triumph Group Company Profile
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.
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