|Bid||5.43 x 800|
|Ask||5.70 x 1300|
|Day's Range||5.08 - 5.70|
|52 Week Range||3.02 - 29.38|
|Beta (5Y Monthly)||2.71|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 28, 2020|
|Forward Dividend & Yield||0.16 (2.83%)|
|Ex-Dividend Date||Feb 28, 2020|
|1y Target Est||9.75|
Triumph Group, Inc. (NYSE: TGI) will release fourth quarter fiscal year 2020 earnings on May 28th, 2020 and will host a conference call that day at 8:30 a.m. ET. A slide presentation will be included with the audio portion of the webcast.
Airline shares rocketed higher on Monday, propelled by a promising development in the quest to find a vaccine for the novel coronavirus that causes COVID-19. Shares of Air Lease Corp. (NYSE: AL) closed up 18%, and shares of Triumph Group (NYSE: TGI) and Howmet Aerospace (NYSE: HWM) both ended the day up more than 14%. Companies like Air Lease, Triumph, and Howmet are feeling the ripple effects of those decisions.
Shares of Boeing (NYSE: BA) and some of the company's beaten-down suppliers got a boost Thursday on an overall positive day for market sentiment. Fresh earnings reports have given investors reason to believe airline customers will be able to weather the COVID-19 pandemic and have reassured skeptics about the health of the supply chain. Boeing was up 6.2% as of Thursday afternoon, while shares of Triumph Group (NYSE: TGI) were up 15% and Spirit AeroSystems (NYSE: SPR) shares were up 8%.
Triumph Group (TGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Triumph Group [NYSE:TGI] announced today that Triumph Aviation Services-Asia Ltd. (TASA) was recently awarded a contract by Thai Summer Airways Co., Ltd to provide maintenance and repair support and services for aircraft wheels on its Boeing 737-800 fleet. TASA is a Triumph Systems & Support MRO subsidiary located in Chonburi, Thailand.
Triumph Group also said it will cut about 200 full-time positions due to fall in demand, adding that the reductions will be completed by May 1. This week, Boeing suspended production of its 787 airplane at its facilities in South Carolina and indefinitely extended a halt in its production operations at its Washington state facilities. Triumph Group, a Boeing supplier, cited the closures as the reasons for its steps to furlough employees.
Triumph Group, Inc. (NYSE: TGI) ("Triumph" or the "Company") today provided an update on the current impact of the coronavirus (COVID-19) on the business and the steps the Company is taking to mitigate it. To align capacity with short- and medium-term customer demand, conserve cash and maintain long-term competitiveness, the following actions are underway:
Moody's Investors Service ("Moody's") downgraded its ratings for Triumph Group, Inc. ("Triumph"), including the company's corporate family rating (CFR, to Caa2 from Caa1, previously on Review for Downgrade) and probability of default rating (to Caa2-PD from Caa1-PD, previously on Review for Downgrade), as well as the ratings for its senior secured second lien notes (to Caa1 from B3, previously on Review for Downgrade) and senior unsecured notes (to Caa3 from Caa2, previously on Review for Downgrade). The speculative grade liquidity (SGL) rating was downgraded to SGL-4 from SGL-3.
Triumph Group [NYSE: TGI] and the Triumph Group Foundation announced today that it will move forward with a series of actions to support individuals and organizations working to assist and treat those directly impacted by the COVID-19 pandemic. The Foundation expanded its support for non-profit organizations serving communities hard hit by the virus while the Company's factories will use their manufacturing resources to produce personal protective equipment (PPE) and components for oxygen distributors for first responders and local hospitals.
Triumph Group, Inc. (NYSE:TGI) recently announced that it received the third delivery order from the Defense Logistics Agency for enhanced digital electronic control units (EDECUs) for use in the U.S. Army's UH-60 Black Hawk and AH-64 Apache fleets. The $17.3M order is part of a five-year contract to complete the upgrade of approximately 3,100 digital electronic control units on the two fleets.
Triumph Group [NYSE: TGI] today announced that Richard Goglia will join its Board of Directors as an independent director and as a member of the Audit and Finance committees.
A total of 11 of the 50 largest Philadelphia-area public companies lost more than 50% of their stock value.
Triumph Group, Inc. (NYSE: TGI) ("Triumph" or the "Company") today provided an update on the current impact of the coronavirus (COVID-19) on the business and the steps the Company is taking to mitigate it.
Shares in the Berwyn-based aerospace company dropped below $4 Wednesday, down from a 52-week high of $29.38.
Triumph Group, Inc. (NYSE: TGI) ("Triumph" or the "Company") today provided an update on its assessment of the impacts of the coronavirus (COVID-19). While the safety and well-being of its employees and the community it serves remain top priorities for the company, the Company announced certain cost reduction initiatives to align capacity with expected demand and meet our commitments to all stakeholders.
The widespread destruction cost eight of the area’s 25 largest publicly traded companies at least 20% of their stock value.
One local manufacturer lost more than 30% of its stock value Thursday, while two companies have experienced 60% drops since Wall Street took notice of the coronavirus crisis on Feb. 21.
Triumph Group (TGI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Triumph Group Inc. (NYSE: TGI) is closely monitoring the continuing developments related to the Coronavirus (COVID-19) and is following the guidance of the World Health Organization, Centers for Disease Control, and other health agencies. The safety of our workforce and their families, suppliers, customers, and visitors is essential to us.
“We believe 11 closings in California have been pushed out, we hope to the second quarter, due to the virus,” CEO Douglas Yearley said Wednesday.
The Dow Jones Industrial Average plunged more than 1,000 points Monday as the number of coronavirus cases outside China surged.
A staple of the aerospace community is bolstering its presence in North Texas. Triumph Group Inc. (NYSE: TGI) is combining two of its business units — Integrated Systems and Product Support — into one. The new unit will be called Triumph Systems & Support and will be headquartered in Arlington, the company announced earlier this week.
Triumph Group, Inc. (NYSE: TGI) ("Triumph" or the "Company") today announced that it will combine its Integrated Systems and Product Support business units into one "Triumph Systems & Support" business effective immediately. Bill Kircher, current Executive Vice President of Triumph Product Support, will become the Executive Vice President of the new combined business unit headquartered in Arlington Texas within the Dallas/Fort Worth aerospace and defense hub. Frank Dubey, current Executive Vice President of Triumph Integrated Systems, will take on a special advisory to the Office of the CEO defining strategic growth opportunities for the company.