Zacks: Analysts Anticipate TriMas Corp (TRS) to Post $0.37 Earnings Per Share
Equities analysts forecast that TriMas Corp (NASDAQ:TRS) will post earnings of $0.37 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for TriMas’ earnings, with estimates ranging from $0.36 to $0.39. TriMas posted earnings of $0.31 per share in the same quarter last year, which indicates a positive year over year growth rate of 19.4%. The business is expected to report its next earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that TriMas will report full year earnings of $1.73 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.76. For the next year, analysts expect that the business will post earnings of $1.86 per share, with EPS estimates ranging from $1.83 to $1.90. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover TriMas.
TriMas (NASDAQ:TRS) last issued its earnings results on Tuesday, October 30th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. TriMas had a net margin of 7.27% and a return on equity of 13.54%. The company had revenue of $223.78 million for the quarter, compared to analysts’ expectations of $218.65 million. During the same period in the prior year, the business earned $0.39 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis.
In other news, CFO Robert J. Zalupski sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $31.08, for a total value of $155,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in TRS. Hsbc Holdings PLC bought a new stake in shares of TriMas in the 3rd quarter valued at about $203,000. Capital Fund Management S.A. bought a new stake in shares of TriMas in the 3rd quarter valued at about $213,000. Jefferies Group LLC bought a new stake in shares of TriMas in the 3rd quarter valued at about $216,000. Meeder Asset Management Inc. boosted its holdings in shares of TriMas by 580.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,335 shares of the industrial products company’s stock valued at $224,000 after buying an additional 6,257 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of TriMas in the 2nd quarter valued at about $228,000. Institutional investors and hedge funds own 98.47% of the company’s stock.
TriMas stock traded up $0.32 during midday trading on Thursday, hitting $30.14. 132,589 shares of the company’s stock were exchanged, compared to its average volume of 124,335. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.02 and a quick ratio of 1.72. TriMas has a 12 month low of $22.70 and a 12 month high of $31.80. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 3.37 and a beta of 1.79.
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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