$192.78 Million in Sales Expected for TriMas Corporation (TRS) This Quarter
Analysts predict that TriMas Corporation (NASDAQ:TRS) will post $192.78 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for TriMas’ earnings. The lowest sales estimate is $187.36 million and the highest is $195.00 million. TriMas posted sales of $185.53 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.9%. The business is expected to report its next earnings results on Tuesday, February 27th.
On average, analysts expect that TriMas will report full-year sales of $192.78 million for the current fiscal year, with estimates ranging from $809.85 million to $817.10 million. For the next year, analysts forecast that the business will report sales of $846.97 million per share, with estimates ranging from $836.60 million to $869.04 million. Zacks’ 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 announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. TriMas had a positive return on equity of 12.18% and a negative net margin of 4.01%. The business had revenue of $209.30 million during the quarter, compared to analyst estimates of $208.89 million. During the same quarter last year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis.
TriMas (TRS) traded down $0.05 during midday trading on Tuesday, reaching $26.20. The company had a trading volume of 115,200 shares, compared to its average volume of 182,363. TriMas has a 52 week low of $19.75 and a 52 week high of $28.85. The company has a market cap of $1,200.18, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 2.88 and a beta of 2.05. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.67 and a quick ratio of 1.33.
In related news, insider Joshua A. Sherbin sold 13,828 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $25.50, for a total value of $352,614.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert J. Zalupski sold 2,816 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $25.94, for a total value of $73,047.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,944 shares of company stock worth $486,796. Insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC increased its stake in TriMas by 3.0% in the 1st quarter. Teachers Advisors LLC now owns 78,848 shares of the industrial products company’s stock worth $1,636,000 after acquiring an additional 2,268 shares during the last quarter. Renaissance Technologies LLC bought a new stake in TriMas in the 1st quarter worth approximately $357,000. Bank of America Corp DE increased its stake in TriMas by 9.2% in the 1st quarter. Bank of America Corp DE now owns 25,817 shares of the industrial products company’s stock worth $536,000 after acquiring an additional 2,169 shares during the last quarter. State Street Corp increased its stake in TriMas by 0.3% in the 1st quarter. State Street Corp now owns 847,372 shares of the industrial products company’s stock worth $17,584,000 after acquiring an additional 2,230 shares during the last quarter. Finally, Credit Suisse AG increased its stake in TriMas by 12.4% in the 1st quarter. Credit Suisse AG now owns 48,151 shares of the industrial products company’s stock worth $999,000 after acquiring an additional 5,315 shares during the last quarter. 97.66% of the stock is currently owned by institutional investors.
TriMas 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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