TriMas Corp (NYSE:TRS) posted its quarterly earnings results on Thursday. The industrial products company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39, Bloomberg Earnings reports. The company had revenue of $209.30 million for the quarter, compared to the consensus estimate of $208.89 million. TriMas Corp had a return on equity of 11.47% and a net margin of 6.96%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. TriMas Corp updated its FY17 guidance to $1.37-1.43 EPS.
TriMas Corp (NYSE:TRS) opened at 27.20 on Friday. TriMas Corp has a 52-week low of $17.26 and a 52-week high of $28.50. The company’s market capitalization is $1.24 billion. The company has a 50-day moving average price of $26.92 and a 200 day moving average price of $23.53.
In related news, insider Paul Swart sold 3,000 shares of TriMas Corp stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $24.76, for a total transaction of $74,280.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nancy Gougarty sold 5,882 shares of TriMas Corp stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $24.80, for a total transaction of $145,873.60. Following the transaction, the director now directly owns 19,293 shares in the company, valued at $478,466.40. The disclosure for this sale can be found here.
Several analysts recently weighed in on the company. Seaport Global Securities downgraded TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Friday, September 15th. ValuEngine upgraded TriMas Corp from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded TriMas Corp from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. J P Morgan Chase & Co upgraded TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research note on Wednesday, August 9th. Finally, BidaskClub downgraded TriMas Corp from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. TriMas Corp presently has an average rating of “Hold” and a consensus price target of $25.25.
TRADEMARK VIOLATION NOTICE: “TriMas Corp (TRS) Posts Quarterly Earnings Results, Hits Expectations” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.dispatchtribunal.com/2017/10/28/trimas-corp-trs-posts-quarterly-earnings-results-hits-expectations.html.
TriMas Corp Company Profile
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.
Receive News & Ratings for TriMas Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas Corp and related companies with MarketBeat.com's FREE daily email newsletter.