Wall Street analysts expect TriMas Corp (NYSE:TRS) to announce $205.54 million in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for TriMas Corp’s earnings, with the highest sales estimate coming in at $208.18 million and the lowest estimate coming in at $198.93 million. TriMas Corp reported sales of $203.32 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.1%. The company is scheduled to issue its next earnings results before the market opens on Thursday, July 27th.

On average, analysts expect that TriMas Corp will report full-year sales of $205.54 million for the current financial year, with estimates ranging from $791.82 million to $815.54 million. For the next fiscal year, analysts anticipate that the company will post sales of $841.16 million per share, with estimates ranging from $811.10 million to $865.50 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow TriMas Corp.

TriMas Corp (NYSE:TRS) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The firm had revenue of $199.80 million for the quarter, compared to analyst estimates of $200.40 million. TriMas Corp had a net margin of 3.50% and a return on equity of 5.55%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share.

A number of equities research analysts recently weighed in on TRS shares. Jefferies Group LLC reissued a “hold” rating and set a $22.00 price target (up from $18.00) on shares of TriMas Corp in a research note on Monday, March 27th. Zacks Investment Research downgraded shares of TriMas Corp from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub raised shares of TriMas Corp from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine raised shares of TriMas Corp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. TriMas Corp has a consensus rating of “Hold” and a consensus price target of $23.00.

TriMas Corp (NYSE TRS) traded up 0.68% on Wednesday, reaching $22.05. 103,718 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $21.68 and its 200 day moving average price is $21.94. TriMas Corp has a 52-week low of $17.00 and a 52-week high of $24.25. The firm’s market capitalization is $1.01 billion.

In other TriMas Corp news, CFO Robert J. Zalupski sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $22.00, for a total value of $48,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas A. Amato bought 1,700 shares of the stock in a transaction on Thursday, May 4th. The stock was purchased at an average cost of $22.75 per share, with a total value of $38,675.00. Following the purchase, the insider now directly owns 57,379 shares of the company’s stock, valued at approximately $1,305,372.25. The disclosure for this purchase can be found here.

A number of large investors have recently modified their holdings of TRS. Parametric Portfolio Associates LLC increased its stake in shares of TriMas Corp by 1.5% in the first quarter. Parametric Portfolio Associates LLC now owns 97,862 shares of the industrial products company’s stock valued at $2,031,000 after buying an additional 1,476 shares during the last quarter. Swiss National Bank increased its stake in shares of TriMas Corp by 2.5% in the first quarter. Swiss National Bank now owns 75,000 shares of the industrial products company’s stock valued at $1,556,000 after buying an additional 1,800 shares during the last quarter. American International Group Inc. increased its stake in shares of TriMas Corp by 7.1% in the first quarter. American International Group Inc. now owns 27,762 shares of the industrial products company’s stock valued at $576,000 after buying an additional 1,841 shares during the last quarter. Bank of America Corp DE increased its stake in shares of TriMas Corp by 9.2% in the first quarter. Bank of America Corp DE now owns 25,817 shares of the industrial products company’s stock valued at $536,000 after buying an additional 2,169 shares during the last quarter. Finally, State Street Corp increased its stake in shares of TriMas Corp by 0.3% in the first quarter. State Street Corp now owns 847,372 shares of the industrial products company’s stock valued at $17,584,000 after buying an additional 2,230 shares during the last quarter.

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TriMas Corp 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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Earnings History and Estimates for TriMas Corp (NYSE:TRS)

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