TGI Stock Recent News

Companies in the Zacks Aerospace sector, which houses the defense stocks, are expected to record annual earnings growth of 32.3% on 8.2% sales growth in 2024. You may buy ACHR, AVAV, RYCEY, TDG and TGI.

Triumph Group has a deal to sell off a maintenance unit, raising cash to pay down debt. The deal should help the company reduce its interest payments and focus on higher-margin areas.

Triumph Group Inc.'s stock TGI, -0.89% was up by 3% in premarket trading on Thursday after it agreed to sell its 700-employee Triumph Product Support unit to AAR Corp. AIR, -1.83% for $725 million. AAR Corp. said the transaction will generate estimated tax benefits currently valued at $80 million.

Triumph Group (TGI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Triumph Group (TGI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Triumph Group (TGI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Triumph Group's (TGI) fiscal Q2 net sales beat the Zacks Consensus Estimate by 5.7%. The top line improves 15.1% from $307.6 million in the year-ago quarter.

Triumph Group, Inc. (NYSE:TGI ) Q2 2024 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Thomas Quigley - VP, IR, Mergers & Acquisitions and Treasurer Daniel Crowley - Chairman, President & CEO James McCabe - SVP & CFO Conference Call Participants Seth Seifman - JPMorgan Chase & Co. David Strauss - Barclays Bank Cai von Rumohr - TD Cowen Ronald Epstein - Bank of America Merrill Lynch Michael Ciarmoli - Truist Securities Noah Poponak - Goldman Sachs Group Myles Walton - Wolfe ResearchLLC MD & Senior Analyst Operator Good day, and welcome to the Triumph Group Second Quarter Fiscal Year 2024 Results Conference Call. [Operator Instructions].

Aerospace component supplier Triumph Group reported a surprise quarterly profit and raised full-year revenue guidance. The company has lost nearly 90% of its value over the past decade but appears to have finally turned the corner.

Triumph Group (TGI) came out with quarterly earnings of $0.01 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.07 per share a year ago.