Triumph Group (NYSE:TGI) Releases FY20 Earnings Guidance
Triumph Group (NYSE:TGI) updated its FY20 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.35-2.95 for the period, compared to the Thomson Reuters consensus estimate of $2.53. The company issued revenue guidance of $2.8-2.9 billion, compared to the consensus revenue estimate of $2.88 billion.
Several research analysts have recently weighed in on the stock. Cowen reaffirmed a hold rating and issued a $22.00 price target on shares of Triumph Group in a report on Thursday. ValuEngine cut shares of Triumph Group from a sell rating to a strong sell rating in a report on Thursday, October 10th. Finally, Barclays cut shares of Triumph Group from an equal weight rating to an underweight rating and decreased their price target for the stock from $23.00 to $20.00 in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $23.58.
TGI traded up $1.34 during trading on Friday, reaching $27.70. The stock had a trading volume of 971,665 shares, compared to its average volume of 588,961. The stock has a market cap of $1.33 billion, a PE ratio of 11.12, a PEG ratio of 1.88 and a beta of 2.75. Triumph Group has a one year low of $11.16 and a one year high of $28.15. The business has a 50-day moving average of $21.80 and a 200-day moving average of $22.00.
Triumph Group Company Profile
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
See Also: How mutual funds make money
Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.