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.
Shares of TRS stock traded up $1.68 during trading hours on Tuesday, reaching $29.10. The stock had a trading volume of 190,473 shares, compared to its average volume of 139,457. 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 12 month low of $22.70 and a 12 month high of $31.80. The firm has a market capitalization of $1.26 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 3.19 and a beta of 1.93.
TriMas (NASDAQ:TRS) last announced its earnings results on Tuesday, October 30th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. TriMas had a net margin of 6.27% and a return on equity of 13.10%. The business had revenue of $223.78 million during the quarter, compared to analyst estimates of $218.65 million. During the same period in the previous year, the business posted $0.39 earnings per share. TriMas’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts predict that TriMas will post 1.72 EPS for the current year.
In other TriMas news, CFO Robert J. Zalupski sold 5,000 shares of TriMas stock in a transaction that occurred on 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 SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.
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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