Analysts Anticipate TriMas Corp (TRS) to Post $0.37 EPS

Wall Street brokerages predict that TriMas Corp (NASDAQ:TRS) will report earnings of $0.37 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for TriMas’ earnings, with estimates ranging from $0.36 to $0.39. TriMas posted earnings per share of $0.31 in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.4%. The company is expected to report its next quarterly earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that TriMas will report full year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.76. For the next financial year, analysts forecast that the firm will report earnings of $1.86 per share, with EPS estimates ranging from $1.83 to $1.90. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for TriMas.

TriMas (NASDAQ:TRS) last posted its earnings results on Tuesday, October 30th. The industrial products company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The company had revenue of $223.78 million during the quarter, compared to analyst estimates of $218.65 million. TriMas had a net margin of 7.27% and a return on equity of 13.54%. TriMas’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share.

TRS has been the subject of a number of analyst reports. BMO Capital Markets increased their target price on shares of TriMas from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. BidaskClub lowered shares of TriMas from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. ValuEngine lowered shares of TriMas from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, Zacks Investment Research lowered shares of TriMas from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. TriMas currently has an average rating of “Hold” and a consensus target price of $31.75.

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC lifted its holdings in TriMas by 16.1% in the third quarter. FMR LLC now owns 12,075 shares of the industrial products company’s stock worth $367,000 after buying an additional 1,675 shares during the period. Stone Ridge Asset Management LLC lifted its holdings in shares of TriMas by 8.1% during the third quarter. Stone Ridge Asset Management LLC now owns 23,252 shares of the industrial products company’s stock valued at $707,000 after purchasing an additional 1,748 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of TriMas by 0.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 354,658 shares of the industrial products company’s stock valued at $10,427,000 after purchasing an additional 2,477 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of TriMas by 2.8% during the third quarter. Teachers Advisors LLC now owns 90,975 shares of the industrial products company’s stock valued at $2,766,000 after purchasing an additional 2,512 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of TriMas by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 87,292 shares of the industrial products company’s stock valued at $2,654,000 after purchasing an additional 2,858 shares during the last quarter. Institutional investors and hedge funds own 97.83% of the company’s stock.

Shares of TriMas stock traded up $0.25 during trading on Friday, reaching $27.46. 165,265 shares of the stock were exchanged, compared to its average volume of 123,681. The company has a current ratio of 3.02, a quick ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.25 billion, a P/E ratio of 19.61, a P/E/G ratio of 3.12 and a beta of 1.82. TriMas has a 1 year low of $22.70 and a 1 year high of $31.80.

About TriMas

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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