Why Triumph Group Stock Is Taking a Loss Today [Yahoo! Finance]
Triumph Group, Inc. (TGI)
Last triumph group, inc. earnings: 2/6 06:00 am
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US:NYSE Investor Relations:
ir.triumphgroup.com/investor-overview
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Source: Yahoo! Finance
Shares of Triumph traded down 16% as of 11:30 ET Wednesday after the aerospace manufacturer reported an unexpected quarterly loss on weaker-than-expected sales. A long-awaited turnaround is still coming together Triumph has been in the doldrums for the better part of the last decade. The shares are down nearly 80% since 2014 due to some poorly timed, ill-advised deals that left the company deeply in debt and with some money-losing businesses. In recent years, Triumph has been slowly trying to reshape its business via divestitures and restructuring. That process got a big boost back in December when Triumph announced a deal to sell its product support business for $725 million in cash . The announcement caused Triumph shares to soar 30% in a single trading day. On Wednesday, investors received a reminder that this transformation will take time. Triumph reported a loss of $0.16 per share in its fiscal third quarter ending Dec. 31 on revenue of $284.96 million, falling well short
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- Triumph Group, Inc. (NYSE: TGI) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $18.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
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- Triumph Group, Inc. (NYSE: TGI) was upgraded by analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating. They now have a $17.00 price target on the stock, up previously from $13.00.MarketBeat
TGI
Earnings
- 2/7/24 - Miss
TGI
Sec Filings
- 5/1/24 - Form 8-K
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- TGI's page on the SEC website