Triumph Group, Inc. (NYSE:TGI) has a beta value of 2.72 and has seen 1,315,117 shares traded in the recent trading session. The company, currently valued at $471.76 Million, closed the recent trade at $9.09 per share which meant it lost -$0.8 on the day or -8.73% during that session. The TGI stock price is -223.21% off its 52-week high price of $29.38 and 66.78% above the 52-week low of $3.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2Million shares traded. The 3-month trading volume is 2.58 Million shares.
The consensus among analysts is that Triumph Group, Inc. (TGI) is a Hold stock at the moment, with a recommendation rating of 3.1. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 8 out of 10 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.19.
Triumph Group, Inc. (NYSE:TGI) trade information
Despite being -7.78% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the TGI stock price touched $9.96-1 or saw a rise of 10.89%. Year-to-date, Triumph Group, Inc. shares have moved -64.88%, while the 5-day performance has seen it change -2.15%. Over the past 30 days, the shares of Triumph Group, Inc. (NYSE:TGI) have changed 18.49%. Short interest in the company has seen 3.25 Million shares shorted with days to cover at 1.26.
Wall Street analysts have a consensus price target for the stock at $9.9, which means that the shares’ value could jump 8.91% from current levels. The projected low price target is $2 while the price target rests at a high of $23. In that case, then, we find that the current price level is +153.03% off the targeted high while a plunge would see the stock lose -78% from current levels.
Triumph Group, Inc. (TGI) estimates and forecasts
Figures show that Triumph Group, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -60.93% over the past 6 months, with this year growth rate of -84.87%, compared to -25% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -141.3% and -100% for the next quarter. Revenue growth from the last financial year stood is estimated to be -31.6%.
8 analysts offering their estimates for the company have set an average revenue estimate of $465.6 Million for the current quarter. 8 have an estimated revenue figure of $490.04 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $699.87 Million for this quarter, and analysts expect sales will grow by -33.5% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -16.2% over the past 5 years. Earnings growth for 2020 is a modest +91.4% while over the next 5 years, the company’s earnings are expected to increase by -1.07%.
Triumph Group, Inc. is expected to release its next earnings report between July 29 and August 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.16 at a share yield of 1.9%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.7%.
Triumph Group, Inc. (NYSE:TGI)’s Major holders
Insiders own 1.48% of the company shares, while shares held by institutions stand at 103.81% with a share float percentage of 105.37%. Investors are also buoyed by the number of investors in a company, with Triumph Group, Inc. having a total of 243 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 7.64 Million shares worth more than $51.63 Million. As of March 30, 2020, Blackrock Inc. held 14.72% of shares outstanding.
The other major institutional holder is Price (T.Rowe) Associates Inc, with the holding of over 7.16 Million shares as of March 30, 2020. The firm’s total holdings are worth over $48.38 Million and represent 13.79% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Small-Cap Value Fund and iShares Core S&P Smallcap ETF. As of December 30, 2019, the former fund manager holds about 8.73% shares in the company for having 4530600 shares of worth $114.49 Million while later fund manager owns 3.01 Million shares of worth $20.33 Million as of March 30, 2020, which makes it owner of about 5.79% of company’s outstanding stock.