FY2017 EPS Estimates for TriMas Corp (TRS) Reduced by Analyst
TriMas Corp (NYSE:TRS) – Stock analysts at Barrington Research dropped their FY2017 earnings per share estimates for shares of TriMas Corp in a research report issued to clients and investors on Wednesday. Barrington Research analyst R. Hokanson now forecasts that the brokerage will post earnings per share of $1.45 for the year, down from their previous estimate of $1.58.
Several other research analysts have also commented on the company. Jefferies Group decreased their price target on TriMas Corp from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Friday, July 29th. TheStreet upgraded TriMas Corp from a “sell” rating to a “hold” rating in a research note on Friday, July 1st. Finally, JPMorgan Chase & Co. upgraded TriMas Corp from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Tuesday.
TriMas Corp (NYSE:TRS) traded up 0.843% during trading on Thursday, hitting $18.545. 60,099 shares of the stock traded hands. The company’s market cap is $843.11 million. The company’s 50 day moving average price is $18.40 and its 200 day moving average price is $17.88. TriMas Corp has a 12 month low of $14.76 and a 12 month high of $22.02.
TriMas Corp (NYSE:TRS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $203.30 million for the quarter, compared to analysts’ expectations of $222.52 million. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share.
In other TriMas Corp news, insider Thomas A. Amato bought 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was purchased at an average cost of $17.83 per share, for a total transaction of $142,640.00. Following the completion of the purchase, the insider now owns 6,000 shares of the company’s stock, valued at approximately $106,980. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
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