$192.78 Million in Sales Expected for TriMas Corp (TRS) This Quarter
Analysts predict that TriMas Corp (NYSE:TRS) will report sales of $192.78 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for TriMas Corp’s earnings, with the lowest sales estimate coming in at $187.36 million and the highest estimate coming in at $195.00 million. TriMas Corp reported sales of $185.53 million during the same quarter last year, which indicates a positive year over year growth rate of 3.9%. The firm is scheduled to issue its next earnings results on Tuesday, February 27th.
On average, analysts expect that TriMas Corp will report full-year sales of $192.78 million for the current year, with estimates ranging from $809.85 million to $817.10 million. For the next year, analysts forecast that the business will post sales of $846.97 million per share, with estimates ranging from $836.60 million to $869.04 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for TriMas Corp.
TriMas Corp (NYSE:TRS) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $209.30 million during the quarter, compared to analyst estimates of $208.89 million. TriMas Corp had a return on equity of 11.47% and a net margin of 6.96%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share.
A number of analysts recently weighed in on TRS shares. Seaport Global Securities lowered shares of TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research note on Friday, September 15th. BidaskClub lowered shares of TriMas Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine upgraded shares of TriMas Corp from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered shares of TriMas Corp from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. TriMas Corp currently has a consensus rating of “Hold” and an average target price of $25.25.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its holdings in TriMas Corp by 148.8% in the second quarter. Acrospire Investment Management LLC now owns 5,085 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 3,041 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in TriMas Corp by 231.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 5,404 shares in the last quarter. Sei Investments Co. boosted its holdings in TriMas Corp by 32.2% in the second quarter. Sei Investments Co. now owns 9,276 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 2,259 shares in the last quarter. GW&K Investment Management LLC acquired a new position in TriMas Corp in the second quarter valued at approximately $205,000. Finally, Marshall Wace North America L.P. acquired a new position in TriMas Corp in the second quarter valued at approximately $248,000.
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Shares of TriMas Corp (NYSE:TRS) opened at $26.60 on Friday.
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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