Tricorn Group (TCN) Releases Earnings Results, Beats Estimates By $0.02 EPS

Tricorn Group (LON:TCN) announced its quarterly earnings results on Monday. The company reported GBX 3.02 ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 3 ($0.04) by GBX 0.02 ($0.00), Bloomberg Earnings reports.

Tricorn Group stock remained flat at $GBX 18.50 ($0.24) during mid-day trading on Wednesday. The company had a trading volume of 31,008 shares, compared to its average volume of 11,436. The stock has a market capitalization of $6.25 million and a PE ratio of 7.71. The company has a debt-to-equity ratio of 57.76, a quick ratio of 0.72 and a current ratio of 1.10. Tricorn Group has a 12 month low of GBX 14 ($0.18) and a 12 month high of GBX 39 ($0.51).

The company also recently disclosed a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, October 3rd will be given a dividend of GBX 0.20 ($0.00) per share. This represents a yield of 1.08%. The ex-dividend date of this dividend is Thursday, October 3rd. This is a boost from Tricorn Group’s previous dividend of $0.13.

Separately, Shore Capital reiterated a “house stock” rating on shares of Tricorn Group in a research report on Monday.

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Tricorn Group Company Profile

Tricorn Group plc manufactures and supplies pipe and tubing assemblies for companies worldwide. It operates through two segments, Transportation and Energy. The Energy segment provides manipulated tubular assemblies for use in power generation, oil and gas, and marine sectors. The Transportation segment offers ferrous, non-ferrous, and nylon material tubular assemblies for use in on- and off-highway applications.

See Also: Net Income

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