Equities research analysts predict that TriMas Corp (NASDAQ:TRS) will announce sales of $207.70 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for TriMas’ earnings. The lowest sales estimate is $206.72 million and the highest is $208.10 million. TriMas reported sales of $199.83 million during the same quarter last year, which indicates a positive year over year growth rate of 3.9%. The business is scheduled to issue its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that TriMas will report full year sales of $207.70 million for the current financial year, with estimates ranging from $844.50 million to $850.33 million. For the next fiscal year, analysts anticipate that the business will report sales of $872.24 million per share, with estimates ranging from $862.67 million to $887.05 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow TriMas.
TriMas (NASDAQ:TRS) last announced its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The firm had revenue of $195.20 million for the quarter, compared to analysts’ expectations of $192.36 million. TriMas had a net margin of 3.79% and a return on equity of 12.09%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS.
TRS has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of TriMas from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine raised shares of TriMas from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Deutsche Bank set a $29.00 price target on shares of TriMas and gave the stock a “hold” rating in a research note on Friday, January 19th. Zacks Investment Research raised shares of TriMas from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of TriMas from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. TriMas has an average rating of “Hold” and a consensus target price of $28.60.
A number of large investors have recently bought and sold shares of TRS. Fiduciary Management Inc. WI increased its position in shares of TriMas by 4.9% in the third quarter. Fiduciary Management Inc. WI now owns 2,879,901 shares of the industrial products company’s stock worth $77,757,000 after acquiring an additional 134,255 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of TriMas by 23.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,958,825 shares of the industrial products company’s stock worth $52,399,000 after acquiring an additional 373,375 shares in the last quarter. State Street Corp increased its position in shares of TriMas by 6.7% in the second quarter. State Street Corp now owns 904,136 shares of the industrial products company’s stock worth $18,849,000 after acquiring an additional 56,764 shares in the last quarter. Royce & Associates LP increased its position in shares of TriMas by 7.1% in the fourth quarter. Royce & Associates LP now owns 638,960 shares of the industrial products company’s stock worth $17,092,000 after acquiring an additional 42,388 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of TriMas by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 408,153 shares of the industrial products company’s stock worth $10,918,000 after acquiring an additional 10,445 shares in the last quarter. 97.85% of the stock is currently owned by institutional investors.
TriMas (NASDAQ TRS) traded down $0.10 during trading hours on Wednesday, reaching $25.85. 9,074 shares of the company’s stock were exchanged, compared to its average volume of 130,454. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.28 and a current ratio of 2.55. The stock has a market capitalization of $1,163.69, a P/E ratio of 18.18, a P/E/G ratio of 3.00 and a beta of 1.88. TriMas has a 12 month low of $19.75 and a 12 month high of $28.85.
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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