TriMas (TRS) Releases FY18 Earnings Guidance

TriMas (NASDAQ:TRS) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.60-1.75 for the period, compared to the Thomson Reuters consensus estimate of $1.65.

TRS stock traded up $0.95 during mid-day trading on Thursday, reaching $28.35. 183,434 shares of the stock traded hands, compared to its average volume of 146,166. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.55 and a quick ratio of 1.28. TriMas has a 52 week low of $20.05 and a 52 week high of $28.85. The stock has a market capitalization of $1,251.51, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 3.27 and a beta of 1.77.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. TriMas had a net margin of 3.79% and a return on equity of 12.09%. The company had revenue of $217.10 million during the quarter, compared to analysts’ expectations of $208.81 million. During the same period in the prior year, the company earned $0.30 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. equities analysts expect that TriMas will post 1.67 EPS for the current fiscal year.

TRS has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of TriMas in a research note on Tuesday, April 3rd. They issued an outperform rating and a $33.00 target price for the company. BidaskClub upgraded shares of TriMas from a hold rating to a buy rating in a research note on Friday, December 29th. ValuEngine upgraded shares of TriMas from a hold rating to a buy rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of TriMas from a hold rating to a buy rating and set a $31.00 target price for the company in a research note on Monday, January 22nd. Finally, JPMorgan Chase reiterated an overweight rating and issued a $32.00 target price (down previously from $33.00) on shares of TriMas in a research note on Tuesday, March 6th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $29.33.

TriMas Company Profile

TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas markets worldwide. The company operates through four segments: Packaging, Aerospace, Energy, and Engineered Components. The Packaging segment designs and manufactures industrial closure products, including steel drum and plastic enclosures, plastic drum closures, and plastic pail dispensers and plugs; and specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, and other packaging solutions for the cosmetic, personal care, and household product markets, as well as specialty plastic closures for bottles and jars, and dispensing pumps for the food and beverage markets.

Receive News & Ratings for TriMas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Canadian Imperial Bank of Commerce  Given New C$135.00 Price Target at Royal Bank of Canada
Canadian Imperial Bank of Commerce Given New C$135.00 Price Target at Royal Bank of Canada
Airboss of America  PT Raised to C$16.00 at CIBC
Airboss of America PT Raised to C$16.00 at CIBC
Agellan Commercial REIT  PT Raised to C$13.50
Agellan Commercial REIT PT Raised to C$13.50
$4.90 Billion in Sales Expected for Jabil Inc  This Quarter
$4.90 Billion in Sales Expected for Jabil Inc This Quarter
Papa Murphy’s  Cut to “Sell” at ValuEngine
Papa Murphy’s Cut to “Sell” at ValuEngine
ValuEngine Downgrades Enable Midstream Partners  to Sell
ValuEngine Downgrades Enable Midstream Partners to Sell


© 2006-2018 Ticker Report. Google+.