TGI - Triumph Group plunges as price target lowered to $26 due to earnings estimates guidance miss

Robert W. Baird analyst Peter Arment has lowered the price target to $26 from $36 as the long-struggling Triumph Group (TGI -18.5%) put out a full-year forecast that came in well short of analyst expectations. The company said it expects earnings of $0.40 to $0.60/share in the new fiscal year, on revenue of $1.2-$1.3B where, analyst had forecast earnings of $0.68/share on revenue of $1.3B. Since the start of 2022, Triumph Group shares fell around 25%, and over a period of one year, shares were also down around 25%. Wall Street analysts stand with a Buy rating on the stock, whereas Seeking Alpha Quant Rating says to Hold. Previously: Triumph Group extends post-earnings plunge, -35% in two days (May 19)

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Triumph Group plunges as price target lowered to $26 due to earnings estimates, guidance miss