Equities analysts predict that TriMas Corp (NASDAQ:TRS) will report $205.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for TriMas’ earnings, with estimates ranging from $203.86 million to $208.00 million. TriMas reported sales of $195.21 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.4%. The company is expected to issue its next earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that TriMas will report full-year sales of $869.71 million for the current year, with estimates ranging from $865.37 million to $873.70 million. For the next financial year, analysts forecast that the company will report sales of $899.73 million, with estimates ranging from $887.00 million to $909.89 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for TriMas.
TriMas (NASDAQ:TRS) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. TriMas had a return on equity of 13.54% and a net margin of 7.27%. The firm had revenue of $223.78 million for the quarter, compared to analysts’ expectations of $218.65 million. During the same quarter last year, the firm posted $0.39 EPS. The company’s revenue was up 6.9% compared to the same quarter last year.
Several analysts have weighed in on TRS shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $35.00 price target on shares of TriMas in a report on Friday, September 21st. ValuEngine cut TriMas from a “buy” rating to a “hold” rating in a report on Friday, October 12th. BidaskClub raised TriMas from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Zacks Investment Research cut TriMas from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. TriMas has an average rating of “Hold” and a consensus price target of $31.75.
In other news, CFO Robert J. Zalupski sold 5,000 shares of the stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $31.08, for a total transaction of $155,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in TRS. Wells Fargo & Company MN increased its position in shares of TriMas by 4.9% during the 1st quarter. Wells Fargo & Company MN now owns 44,107 shares of the industrial products company’s stock valued at $1,158,000 after purchasing an additional 2,049 shares during the last quarter. Millennium Management LLC increased its position in shares of TriMas by 503.1% during the 1st quarter. Millennium Management LLC now owns 105,924 shares of the industrial products company’s stock valued at $2,781,000 after purchasing an additional 88,360 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in TriMas during the 1st quarter worth approximately $244,000. James Investment Research Inc. grew its position in TriMas by 8.7% during the 2nd quarter. James Investment Research Inc. now owns 122,955 shares of the industrial products company’s stock worth $3,615,000 after acquiring an additional 9,885 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. bought a new position in TriMas during the 2nd quarter worth approximately $797,000. Hedge funds and other institutional investors own 98.15% of the company’s stock.
NASDAQ:TRS opened at $29.90 on Friday. TriMas has a twelve month low of $22.70 and a twelve month high of $31.80. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 3.45 and a beta of 1.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.72 and a current ratio of 3.02.
TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas markets worldwide. The company operates through four segments: Packaging, Aerospace, Energy, and Engineered Components. The Packaging segment designs and manufactures industrial closure products, including steel drum and plastic enclosures, plastic drum closures, and plastic pail dispensers and plugs; and specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, and other packaging solutions for the cosmetic, personal care, and household product markets, as well as specialty plastic closures for bottles and jars, and dispensing pumps for the food and beverage markets.
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