Triumph Group Inc (TGI) to Issue $0.04 Quarterly Dividend

Triumph Group Inc (NYSE:TGI) announced a quarterly dividend on Wednesday, February 7th, RTT News reports. Investors of record on Thursday, March 1st will be paid a dividend of 0.04 per share by the aerospace company on Thursday, March 15th. This represents a $0.16 annualized dividend and a yield of 0.57%. The ex-dividend date is Wednesday, February 28th.

Triumph Group has a payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Triumph Group to earn $2.69 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 5.9%.

Shares of Triumph Group (NYSE:TGI) opened at $28.25 on Wednesday. Triumph Group has a twelve month low of $19.65 and a twelve month high of $34.80. The firm has a market capitalization of $1,430.00, a PE ratio of -5.17, a P/E/G ratio of 0.95 and a beta of 1.69. The company has a quick ratio of 0.42, a current ratio of 1.84 and a debt-to-equity ratio of 1.82.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.11. Triumph Group had a positive return on equity of 27.59% and a negative net margin of 7.68%. The company had revenue of $775.25 million during the quarter, compared to analyst estimates of $769.08 million. During the same quarter last year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. analysts forecast that Triumph Group will post 2.55 earnings per share for the current year.

In other Triumph Group news, Director Joseph Silvestri sold 3,670 shares of Triumph Group stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $27.95, for a total transaction of $102,576.50. Following the completion of the transaction, the director now 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 can be accessed through this link. 2.80% of the stock is owned by insiders.

Several equities research analysts recently weighed in on TGI shares. Royal Bank of Canada set a $39.00 price objective on Triumph Group and gave the stock a “buy” rating in a report on Wednesday, November 15th. TheStreet lowered Triumph Group from a “c-” rating to a “d+” rating in a report on Wednesday, December 27th. Finally, Zacks Investment Research lowered Triumph Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.80.

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About Triumph Group

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.

Dividend History for Triumph Group (NYSE:TGI)

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