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.
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.
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