TriMas Corp (TRS) to Release Earnings on Wednesday
TriMas Corp (NYSE:TRS) will be announcing its earnings results on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. TriMas Corp has set its FY17 guidance at $1.35-1.45 EPS.
TriMas Corp (NYSE:TRS) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.30 EPS for the quarter, beating 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 business had revenue of $199.80 million for the quarter, compared to analyst estimates of $200.40 million. During the same quarter last year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts expect TriMas Corp to post $1.40 EPS for the current fiscal year and $1.53 EPS for the next fiscal year.
TriMas Corp (NYSE:TRS) opened at 22.35 on Wednesday. The company’s 50 day moving average is $21.48 and its 200-day moving average is $21.74. TriMas Corp has a 1-year low of $17.00 and a 1-year high of $24.25. The firm’s market cap is $1.02 billion.
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In other news, insider Thomas A. Amato purchased 1,700 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were purchased at an average price of $22.75 per share, for a total transaction of $38,675.00. Following the transaction, the insider now owns 57,379 shares of the company’s stock, valued at $1,305,372.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert J. Zalupski sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $22.00, for a total transaction of $48,400.00. The disclosure for this sale can be found here.
A number of research analysts have recently issued reports on TRS shares. Jefferies Group LLC restated a “hold” rating and issued a $22.00 price target (up previously from $18.00) on shares of TriMas Corp in a research report on Monday, March 27th. ValuEngine upgraded shares of TriMas Corp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of TriMas Corp from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Saturday, July 1st. Finally, BidaskClub upgraded shares of TriMas Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $23.00.
About TriMas Corp
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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