TriMas (NASDAQ:TRS – Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 1.700-1.900 for the period, compared to the consensus EPS estimate of 1.710. The company issued revenue guidance of -. TriMas also updated its FY24 guidance to $1.70-1.90 EPS.
TriMas Trading Up 1.5 %
TriMas stock traded up $0.37 during mid-day trading on Tuesday, hitting $25.24. The company’s stock had a trading volume of 13,792 shares, compared to its average volume of 264,084. The firm has a market capitalization of $1.03 billion, a PE ratio of 39.31 and a beta of 0.66. The company has a current ratio of 2.82, a quick ratio of 1.48 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average is $25.83 and its two-hundred day moving average is $25.82. TriMas has a 1 year low of $22.45 and a 1 year high of $28.51.
TriMas (NASDAQ:TRS – Get Free Report) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). TriMas had a return on equity of 9.61% and a net margin of 4.44%. The firm had revenue of $229.36 million for the quarter, compared to analyst estimates of $239.33 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts anticipate that TriMas will post 1.75 EPS for the current year.
TriMas Dividend Announcement
Analysts Set New Price Targets
Separately, BWS Financial restated a “buy” rating and set a $40.00 target price on shares of TriMas in a report on Wednesday, October 9th.
Check Out Our Latest Report on TriMas
TriMas Company Profile
TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.
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