Zacks: Analysts Anticipate TriMas Co. (TRS) Will Announce Earnings of $0.38 Per Share

Equities analysts forecast that TriMas Co. (NASDAQ:TRS) will post earnings of $0.38 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for TriMas’ earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.36. TriMas posted earnings per share of $0.30 during the same quarter last year, which indicates a positive year over year growth rate of 26.7%. The firm is expected to announce its next earnings results on Thursday, April 26th.

On average, analysts expect that TriMas will report full-year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.55 to $1.70. For the next financial year, analysts anticipate that the firm will post earnings of $1.77 per share, with EPS estimates ranging from $1.65 to $1.85. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow TriMas.

TriMas (NASDAQ:TRS) last released its earnings results on Tuesday, February 27th. The industrial products company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The company had revenue of $195.20 million for the quarter, compared to analyst estimates of $192.36 million. TriMas had a net margin of 3.79% and a return on equity of 12.09%. TriMas’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share.



A number of equities analysts have recently issued reports on TRS shares. BMO Capital Markets started coverage on shares of TriMas in a research note on Tuesday, April 3rd. They issued an “outperform” rating and a $33.00 price objective for the company. BidaskClub upgraded shares of TriMas from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. ValuEngine upgraded shares of TriMas from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of TriMas from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, January 22nd. Finally, JPMorgan Chase restated an “overweight” rating and issued a $32.00 price objective (down previously from $33.00) on shares of TriMas in a research note on Tuesday, March 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.33.

Several institutional investors and hedge funds have recently bought and sold shares of the company. American International Group Inc. grew its holdings in shares of TriMas by 8.1% in the 3rd quarter. American International Group Inc. now owns 30,530 shares of the industrial products company’s stock worth $824,000 after purchasing an additional 2,283 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of TriMas by 114.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 6,790 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 3,623 shares during the last quarter. Sei Investments Co. grew its holdings in shares of TriMas by 48.1% in the 3rd quarter. Sei Investments Co. now owns 13,735 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 4,459 shares during the last quarter. Swiss National Bank grew its holdings in shares of TriMas by 6.5% in the 4th quarter. Swiss National Bank now owns 79,900 shares of the industrial products company’s stock worth $2,137,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of TriMas by 4.3% in the 4th quarter. Deutsche Bank AG now owns 153,112 shares of the industrial products company’s stock worth $4,094,000 after purchasing an additional 6,306 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of TRS stock traded down $0.13 during mid-day trading on Friday, reaching $27.22. The company’s stock had a trading volume of 42,875 shares, compared to its average volume of 141,831. TriMas has a 1-year low of $19.75 and a 1-year high of $28.85. The stock has a market cap of $1,253.80, a price-to-earnings ratio of 19.50, a P/E/G ratio of 3.28 and a beta of 1.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.28 and a current ratio of 2.55.

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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.

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