Wall Street brokerages expect TriMas Corp (NASDAQ:TRS) to post $205.81 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for TriMas’ earnings, with the lowest sales estimate coming in at $203.86 million and the highest estimate coming in at $208.00 million. TriMas reported sales of $195.21 million during the same quarter last year, which indicates a positive year over year growth rate of 5.4%. The firm is expected to report its next earnings results on Tuesday, February 26th.
According to Zacks, analysts expect that TriMas will report full year sales of $869.71 million for the current fiscal year, with estimates ranging from $865.37 million to $873.70 million. For the next year, analysts expect that the company will post sales of $899.73 million, with estimates ranging from $887.00 million to $909.89 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover TriMas.
TriMas (NASDAQ:TRS) last issued its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. TriMas had a return on equity of 13.54% and a net margin of 7.27%. The business had revenue of $223.78 million for the quarter, compared to the consensus estimate of $218.65 million. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year.
Several brokerages have recently weighed in on TRS. BMO Capital Markets reiterated a “buy” rating and issued a $35.00 price target on shares of TriMas in a report on Friday, September 21st. ValuEngine downgraded TriMas from a “buy” rating to a “hold” rating in a report on Friday, October 12th. BidaskClub downgraded TriMas from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Finally, Zacks Investment Research downgraded TriMas from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $31.75.
Several hedge funds and other institutional investors have recently modified their holdings of TRS. Massachusetts Financial Services Co. MA raised its holdings in shares of TriMas by 14.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 743,411 shares of the industrial products company’s stock worth $21,857,000 after buying an additional 96,410 shares during the period. Comerica Bank grew its stake in TriMas by 6.8% in the second quarter. Comerica Bank now owns 351,682 shares of the industrial products company’s stock worth $10,252,000 after purchasing an additional 22,509 shares in the last quarter. First Trust Advisors LP grew its stake in TriMas by 5.0% in the second quarter. First Trust Advisors LP now owns 132,692 shares of the industrial products company’s stock worth $3,901,000 after purchasing an additional 6,336 shares in the last quarter. Heartland Advisors Inc. grew its stake in TriMas by 1.5% in the second quarter. Heartland Advisors Inc. now owns 271,086 shares of the industrial products company’s stock worth $7,970,000 after purchasing an additional 4,080 shares in the last quarter. Finally, Sei Investments Co. grew its stake in TriMas by 31.5% in the second quarter. Sei Investments Co. now owns 22,165 shares of the industrial products company’s stock worth $651,000 after purchasing an additional 5,306 shares in the last quarter. Hedge funds and other institutional investors own 98.16% of the company’s stock.
Shares of TRS stock opened at $29.03 on Monday. TriMas has a 1 year low of $22.70 and a 1 year high of $31.80. The company has a current ratio of 3.02, a quick ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 3.32 and a beta of 1.79.
TriMas Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TriMas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas and related companies with MarketBeat.com's FREE daily email newsletter.