TriMas Corp. (TRS) Updates FY14 Earnings Guidance
TriMas Corp. (NYSE:TRS) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.15-2.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.24, AnalystRatings.Net reports. The company issued revenue guidance of $1.47-1.50 billion, compared to the consensus revenue estimate of $1.50 billion.
TriMas Corp. (NYSE:TRS) opened at 33.42 on Thursday. TriMas Corp. has a 52 week low of $30.73 and a 52 week high of $42.09. The stock’s 50-day moving average is $36.76 and its 200-day moving average is $35.18. The company has a market cap of $1.511 billion and a P/E ratio of 17.79.
TriMas Corp. (NYSE:TRS) last announced its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.06. The company had revenue of $404.00 million for the quarter, compared to the consensus estimate of $399.50 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that TriMas Corp. will post $2.24 earnings per share for the current fiscal year.
TriMas Corporation (NYSE:TRS) is a manufacturer and distributor of products for commercial, industrial and consumer markets.
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