Analysts predict that TriMas Corp (NASDAQ:TRS) will post $191.16 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for TriMas’ earnings, with estimates ranging from $189.00 million to $193.32 million. TriMas posted sales of $239.37 million during the same quarter last year, which suggests a negative year over year growth rate of 20.1%. The company is expected to report its next earnings results on Tuesday, August 4th.
According to Zacks, analysts expect that TriMas will report full-year sales of $750.67 million for the current year, with estimates ranging from $737.50 million to $763.84 million. For the next financial year, analysts expect that the firm will post sales of $782.78 million, with estimates ranging from $770.40 million to $795.15 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for TriMas.
TriMas (NASDAQ:TRS) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. TriMas had a net margin of 11.16% and a return on equity of 10.72%. The company had revenue of $182.80 million during the quarter, compared to the consensus estimate of $177.23 million. During the same period last year, the firm earned $0.36 EPS. TriMas’s revenue for the quarter was up 5.4% on a year-over-year basis.
Several analysts have issued reports on TRS shares. BidaskClub upgraded shares of TriMas from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of TriMas from a “sell” rating to a “hold” rating and set a $21.00 price target on the stock in a report on Saturday, May 16th. Finally, William Blair raised shares of TriMas from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 2nd.
NASDAQ TRS traded up $0.14 on Friday, hitting $23.95. The stock had a trading volume of 219,927 shares, compared to its average volume of 216,410. TriMas has a 52-week low of $18.05 and a 52-week high of $33.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.30 and a current ratio of 4.64. The company has a market capitalization of $984.96 million, a price-to-earnings ratio of 11.68 and a beta of 1.03. The firm has a 50-day moving average of $22.75 and a 200-day moving average of $25.98.
In related news, Director Holly M. Boehne bought 2,582 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $19.31 per share, for a total transaction of $49,858.42. Following the completion of the transaction, the director now owns 6,952 shares in the company, valued at $134,243.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TRS. Principal Financial Group Inc. raised its holdings in TriMas by 8.4% in the 4th quarter. Principal Financial Group Inc. now owns 15,063 shares of the industrial products company’s stock valued at $473,000 after buying an additional 1,167 shares during the period. Rhumbline Advisers raised its holdings in TriMas by 1.2% in the 4th quarter. Rhumbline Advisers now owns 76,327 shares of the industrial products company’s stock valued at $2,397,000 after buying an additional 902 shares during the period. Swiss National Bank increased its stake in TriMas by 1.6% during the fourth quarter. Swiss National Bank now owns 86,600 shares of the industrial products company’s stock worth $2,720,000 after purchasing an additional 1,400 shares during the period. Sei Investments Co. purchased a new stake in TriMas during the fourth quarter worth about $257,000. Finally, Victory Capital Management Inc. increased its stake in TriMas by 13.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,918,119 shares of the industrial products company’s stock worth $60,248,000 after purchasing an additional 231,354 shares during the period. 96.57% of the stock is currently owned by 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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