In the last trading session, 0.82 million Triumph Group Inc. (NYSE:TGI) shares changed hands as the company’s beta touched 2.50. With the company’s per share price at $15.07 changed hands at -$0.03 or -0.20% during last session, the market valuation stood at $1.17B. TGI’s last price was a discount, traded about -18.58% off its 52-week high of $17.87. The share price had its 52-week low at $7.19, which suggests the last value was 52.29% up since then. When we look at Triumph Group Inc.’s average trading volume, we note the 10-day average is 1.78 million shares, with the 3-month average coming to 1.02 million.
Analysts gave the Triumph Group Inc. (TGI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.70. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended TGI as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Triumph Group Inc.’s EPS for the current quarter is expected to be 0.01.
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Triumph Group Inc. (NYSE:TGI) trade information
Instantly TGI was in red as seen at the end of in last trading. With action 0.47%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -9.11%, with the 5-day performance at 0.47% in the green. However, in the 30-day time frame, Triumph Group Inc. (NYSE:TGI) is 11.22% up. Looking at the short shares, we see there were 8.62 million shares sold at short interest cover period of 10.77 days.
The consensus price target for the stock as assigned by Wall Street analysts is 16, meaning bulls need an upside of 5.81% from its current market value. According to analyst projections, TGI’s forecast low is 12 with 20 as the target high. To hit the forecast high, the stock’s price needs a -32.71% plunge from its current level, while the stock would need to tank 20.37% for it to hit the projected low.
Triumph Group Inc. (TGI) estimates and forecasts
Data shows that the Triumph Group Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 13.14% over the past 6 months, a 766.67% in annual growth rate that is considerably higher than the industry average of 17.60%. Year-over-year growth is forecast to reach 1.60% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 283.18M. 8 analysts are of the opinion that Triumph Group Inc.’s revenue for the current quarter will be 293.7M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 40.48%. The 2024 estimates are for Triumph Group Inc. earnings to increase by 803.00%, but the outlook for the next 5-year period is at -8.65% per year.
TGI Dividends
Triumph Group Inc. is expected to release its next quarterly earnings report in November. During the past 5 years, the average dividend yield was 0.81 per year.
Triumph Group Inc. (NYSE:TGI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.14% of Triumph Group Inc. shares while 97.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.86%. There are 97.72% institutions holding the Triumph Group Inc. stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 16.0892% of the shares, roughly 11.93 million TGI shares worth $183.84 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.1917% or 6.82 million shares worth $105.03 million as of 2024-06-30.
