Zacks: Analysts Anticipate TriMas Corp (NYSE:TRS) Will Announce Quarterly Sales of $205.54 Million
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.
TRADEMARK VIOLATION NOTICE: This article was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/08/10/zacks-analysts-anticipate-trimas-corp-nysetrs-will-announce-quarterly-sales-of-205-54-million-updated-updated-updated.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for TriMas Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas Corp and related stocks with our FREE daily email newsletter.