TriMas Corp to Post FY2018 Earnings of $1.74 Per Share, KeyCorp Forecasts (TRS)

TriMas Corp (NASDAQ:TRS) – KeyCorp boosted their FY2018 earnings per share (EPS) estimates for TriMas in a research note issued on Thursday. KeyCorp analyst S. Barger now forecasts that the industrial products company will post earnings of $1.74 per share for the year, up from their prior estimate of $1.54.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The company had revenue of $209.30 million for the quarter, compared to analysts’ expectations of $208.89 million. TriMas had a negative net margin of 4.01% and a positive return on equity of 12.18%. TriMas’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS.

Other analysts have also issued research reports about the stock. BidaskClub lowered shares of TriMas from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Deutsche Bank set a $29.00 target price on shares of TriMas and gave the stock a “hold” rating in a report on Friday. Zacks Investment Research lowered shares of TriMas from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, ValuEngine raised shares of TriMas from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $26.00.

Shares of TriMas (NASDAQ TRS) opened at $27.35 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.67. The firm has a market cap of $1,250.47, a P/E ratio of -37.99, a P/E/G ratio of 3.42 and a beta of 2.06. TriMas has a twelve month low of $19.75 and a twelve month high of $28.85.

In other news, insider Joshua A. Sherbin sold 13,828 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $25.50, for a total value of $352,614.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert J. Zalupski sold 2,816 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $25.94, for a total transaction of $73,047.04. The disclosure for this sale can be found here. Insiders have sold a total of 18,944 shares of company stock worth $486,796 in the last ninety days. 1.40% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its holdings in shares of TriMas by 231.1% during the 2nd 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 during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of TriMas by 114.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 6,790 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 3,623 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of TriMas during the 3rd quarter valued at $227,000. SG Americas Securities LLC bought a new position in shares of TriMas during the 3rd quarter valued at $228,000. Finally, OxFORD Asset Management LLP bought a new position in shares of TriMas during the 3rd quarter valued at $234,000. 97.66% of the stock is currently owned by hedge funds and other institutional investors.

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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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