News articles about Triumph Group (NYSE:TGI) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Triumph Group earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 47.1427227523447 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Triumph to merge precision components, aerospace structures units (TGI) (markets.businessinsider.com)
- Triumph Group (TGI) to Combine Precision Components with Aerospace Structures (streetinsider.com)
- Triumph Group (TGI) to Combine Precision Components with Aerospace Structures – StreetInsider.com (streetinsider.com)
- Triumph Group Inc (TGI) Expected to Post Quarterly Sales of $778.05 Million (americanbankingnews.com)
Several equities analysts recently weighed in on the company. SunTrust Banks boosted their price objective on Triumph Group to $34.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $41.00 price objective (up previously from $38.00) on shares of Triumph Group in a research report on Thursday, November 9th. Robert W. Baird reissued a “buy” rating and set a $34.00 price objective on shares of Triumph Group in a research report on Thursday, October 12th. Cowen reissued a “hold” rating and set a $30.00 price objective on shares of Triumph Group in a research report on Thursday, November 9th. Finally, Canaccord Genuity reissued a “hold” rating and set a $36.00 price objective (up previously from $30.00) on shares of Triumph Group in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $33.11.
Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.20. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The business had revenue of $745.16 million during the quarter, compared to analysts’ expectations of $787.90 million. During the same quarter in the previous year, the firm earned $1.00 EPS. The firm’s revenue was down 14.8% compared to the same quarter last year. analysts forecast that Triumph Group will post 2.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.04 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.16 annualized dividend and a yield of 0.60%. Triumph Group’s dividend payout ratio (DPR) is -7.51%.
In other Triumph Group news, CEO Daniel J. Crowley sold 78,900 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $31.35, for a total value of $2,473,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Silvestri sold 34,162 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $30.31, for a total value of $1,035,450.22. Following the completion of the transaction, the director now directly owns 109,078 shares of the company’s stock, valued at approximately $3,306,154.18. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.
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About Triumph Group
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