Analysts Expect TriMas Corp (NASDAQ:TRS) Will Announce Earnings of $0.50 Per Share

Brokerages forecast that TriMas Corp (NASDAQ:TRS) will announce earnings of $0.50 per share for the current quarter, according to Zacks. Two analysts have issued estimates for TriMas’ earnings. The lowest EPS estimate is $0.49 and the highest is $0.51. TriMas posted earnings per share of $0.48 during the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The business is expected to report its next quarterly earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that TriMas will report full year earnings of $1.91 per share for the current financial year, with EPS estimates ranging from $1.89 to $1.92. For the next year, analysts expect that the company will post earnings of $2.07 per share, with EPS estimates ranging from $2.04 to $2.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow TriMas.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. TriMas had a net margin of 8.99% and a return on equity of 13.32%. The company had revenue of $239.37 million during the quarter, compared to the consensus estimate of $240.57 million. During the same quarter in the prior year, the company posted $0.48 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year.



A number of research analysts have recently commented on TRS shares. Zacks Investment Research raised shares of TriMas from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a research note on Tuesday, August 20th. BidaskClub downgraded shares of TriMas from a “buy” rating to a “hold” rating in a research note on Thursday, June 20th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.33.

Shares of NASDAQ TRS traded down $0.33 on Tuesday, reaching $30.35. 124,700 shares of the company traded hands, compared to its average volume of 145,078. TriMas has a fifty-two week low of $25.18 and a fifty-two week high of $33.45. The company has a 50 day moving average of $29.82 and a 200 day moving average of $30.47. The company has a current ratio of 2.78, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.40 billion, a PE ratio of 17.34, a P/E/G ratio of 3.24 and a beta of 1.47.

In related news, CFO Robert J. Zalupski sold 7,500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $31.24, for a total transaction of $234,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TRS. Geode Capital Management LLC increased its position in TriMas by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 524,716 shares of the industrial products company’s stock worth $14,319,000 after purchasing an additional 42,250 shares in the last quarter. SG Americas Securities LLC acquired a new stake in TriMas during the 1st quarter worth approximately $299,000. Toronto Dominion Bank increased its position in TriMas by 29.0% during the 1st quarter. Toronto Dominion Bank now owns 4,900 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 1,101 shares in the last quarter. New York State Common Retirement Fund increased its position in TriMas by 19.7% during the 1st quarter. New York State Common Retirement Fund now owns 91,267 shares of the industrial products company’s stock worth $2,759,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Martingale Asset Management L P increased its position in TriMas by 25.0% during the 1st quarter. Martingale Asset Management L P now owns 46,428 shares of the industrial products company’s stock worth $1,405,000 after purchasing an additional 9,300 shares in the last quarter. 97.49% of the stock is owned by hedge funds and other institutional investors.

TriMas Company Profile

TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name.

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Earnings History and Estimates for TriMas (NASDAQ:TRS)

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