Zacks: Analysts Expect TriMas Corp (TRS) Will Post Earnings of $0.36 Per Share
Wall Street analysts expect TriMas Corp (NYSE:TRS) to announce $0.36 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for TriMas Corp’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.34. TriMas Corp reported earnings per share of $0.34 during the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The company is expected to issue its next quarterly earnings report on Thursday, July 27th.
According to Zacks, analysts expect that TriMas Corp will report full year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.45. For the next financial year, analysts expect that the company will post earnings of $1.53 per share, with EPS estimates ranging from $1.50 to $1.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover TriMas Corp.
TriMas Corp (NYSE:TRS) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. TriMas Corp had a net margin of 3.50% and a return on equity of 5.55%. The company had revenue of $199.80 million for the quarter, compared to analyst estimates of $200.40 million. During the same period in the prior year, the company posted $0.27 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis.
Several equities analysts have weighed in on TRS shares. Jefferies Group LLC reiterated a “hold” rating and issued a $22.00 target price (up from $18.00) on shares of TriMas Corp in a report on Monday, March 27th. ValuEngine upgraded shares of TriMas Corp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of TriMas Corp from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. TriMas Corp has a consensus rating of “Hold” and a consensus target price of $23.00.
Shares of TriMas Corp (NYSE:TRS) opened at 21.15 on Monday. The stock’s market capitalization is $966.83 million. TriMas Corp has a 52-week low of $17.00 and a 52-week high of $24.25. The company has a 50-day moving average of $21.68 and a 200-day moving average of $21.94.
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In related news, CFO Robert J. Zalupski sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $22.00, for a total transaction of $48,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas A. Amato bought 1,700 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were acquired at an average cost of $22.75 per share, for a total transaction of $38,675.00. Following the completion of the purchase, the insider now owns 57,379 shares in the company, valued at $1,305,372.25. The disclosure for this purchase can be found here.
A number of large investors have recently made changes to their positions in the company. CNA Financial Corp increased its stake in shares of TriMas Corp by 34.7% in the first quarter. CNA Financial Corp now owns 76,937 shares of the industrial products company’s stock valued at $1,596,000 after buying an additional 19,805 shares during the last quarter. Credit Suisse AG increased its stake in shares of TriMas Corp by 12.4% in the first quarter. Credit Suisse AG now owns 48,151 shares of the industrial products company’s stock valued at $999,000 after buying an additional 5,315 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in shares of TriMas Corp by 14.6% in the first quarter. Tudor Investment Corp ET AL now owns 20,679 shares of the industrial products company’s stock valued at $429,000 after buying an additional 2,635 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of TriMas Corp by 94.4% in the first quarter. AQR Capital Management LLC now owns 92,388 shares of the industrial products company’s stock valued at $1,917,000 after buying an additional 44,864 shares during the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in shares of TriMas Corp during the first quarter valued at $557,000.
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.
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