$208.55 Million in Sales Expected for TriMas Corp (TRS) This Quarter
Equities analysts expect TriMas Corp (NYSE:TRS) to report sales of $208.55 million for the current quarter, Zacks reports. Eight analysts have made estimates for TriMas Corp’s earnings, with the highest sales estimate coming in at $212.30 million and the lowest estimate coming in at $206.30 million. TriMas Corp posted sales of $202.29 million in the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The company is expected to issue its next earnings report on Thursday, October 26th.
On average, analysts expect that TriMas Corp will report full-year sales of $208.55 million for the current year, with estimates ranging from $806.10 million to $819.60 million. For the next financial year, analysts anticipate that the business will post sales of $848.04 million per share, with estimates ranging from $825.50 million to $875.01 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for TriMas Corp.
TriMas Corp (NYSE:TRS) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The business had revenue of $213.39 million for the quarter, compared to the consensus estimate of $205.22 million. TriMas Corp had a return on equity of 11.47% and a net margin of 6.96%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS.
A number of equities analysts recently issued reports on TRS shares. BidaskClub lowered TriMas Corp from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “hold” rating and set a $24.00 price target (up previously from $22.00) on shares of TriMas Corp in a report on Monday, July 31st. ValuEngine raised TriMas Corp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised TriMas Corp from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Saturday, July 1st. Finally, J P Morgan Chase & Co raised TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.25.
TriMas Corp (NYSE:TRS) opened at 24.30 on Friday. TriMas Corp has a one year low of $17.00 and a one year high of $25.00. The stock has a 50 day moving average price of $23.80 and a 200 day moving average price of $22.14. The firm’s market cap is $1.11 billion.
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In related news, insider Paul Swart sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $24.76, for a total transaction of $74,280.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Nancy Gougarty sold 5,882 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $24.80, for a total value of $145,873.60. Following the transaction, the director now directly owns 19,293 shares in the company, valued at approximately $478,466.40. The disclosure for this sale can be found here.
A number of institutional investors and hedge funds have recently made changes to their positions in TRS. Royce & Associates LP boosted its holdings in TriMas Corp by 372.3% in the 2nd quarter. Royce & Associates LP now owns 519,572 shares of the industrial products company’s stock valued at $10,833,000 after purchasing an additional 409,572 shares in the last quarter. Thrivent Financial For Lutherans purchased a new stake in TriMas Corp in the 2nd quarter valued at approximately $6,643,000. Fiduciary Management Inc. WI boosted its holdings in TriMas Corp by 8.7% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,731,135 shares of the industrial products company’s stock valued at $56,671,000 after purchasing an additional 218,125 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in TriMas Corp by 8.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,641,954 shares of the industrial products company’s stock valued at $54,821,000 after purchasing an additional 210,804 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in TriMas Corp by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 3,647,737 shares of the industrial products company’s stock valued at $75,691,000 after purchasing an additional 164,476 shares in the last quarter.
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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