TriMas (NASDAQ:TRS) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.72-1.78 for the period, compared to the Thomson Reuters consensus estimate of $1.72. The company issued revenue guidance of $866.8 million, compared to the consensus revenue estimate of $863.18 million.
TRS traded up $0.02 during mid-day trading on Thursday, reaching $29.47. 2,219 shares of the company traded hands, compared to its average volume of 155,048. The firm has a market cap of $1.37 billion, a PE ratio of 21.04, a P/E/G ratio of 3.44 and a beta of 1.93. The company has a current ratio of 2.81, a quick ratio of 1.53 and a debt-to-equity ratio of 0.50. TriMas has a 52-week low of $22.70 and a 52-week high of $31.80.
TriMas (NASDAQ:TRS) last announced its earnings results on Tuesday, October 30th. The industrial products company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $223.78 million during the quarter, compared to analyst estimates of $218.65 million. TriMas had a net margin of 7.27% and a return on equity of 13.79%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. As a group, research analysts forecast that TriMas will post 1.74 EPS for the current fiscal year.
In other TriMas news, CFO Robert J. Zalupski sold 5,000 shares of the stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $31.08, for a total transaction of $155,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.
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.
Further Reading: Book Value Per Share – BVPS
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