Zacks: Analysts Anticipate TriMas Corp (NASDAQ:TRS) to Announce $0.39 Earnings Per Share

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Wall Street analysts forecast that TriMas Corp (NASDAQ:TRS) will announce earnings per share of $0.39 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for TriMas’ earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.35. TriMas posted earnings per share of $0.44 during the same quarter last year, which indicates a negative year over year growth rate of 11.4%. The business is expected to announce its next quarterly earnings results on Monday, November 2nd.

On average, analysts expect that TriMas will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.55. For the next fiscal year, analysts expect that the company will report earnings of $1.59 per share, with EPS estimates ranging from $1.43 to $1.75. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow TriMas.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.12. TriMas had a net margin of 6.95% and a return on equity of 10.04%. The company had revenue of $199.60 million for the quarter, compared to analyst estimates of $183.14 million. During the same period in the prior year, the company posted $0.50 EPS. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis.

A number of research analysts recently commented on TRS shares. BidaskClub raised shares of TriMas from a “sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Zacks Investment Research raised shares of TriMas from a “sell” rating to a “hold” rating and set a $21.00 price objective on the stock in a research report on Saturday, May 16th.

Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in shares of TriMas by 46.5% in the first quarter. Wells Fargo & Company MN now owns 1,207,930 shares of the industrial products company’s stock valued at $27,904,000 after purchasing an additional 383,232 shares during the period. WINTON GROUP Ltd lifted its stake in shares of TriMas by 47.8% in the second quarter. WINTON GROUP Ltd now owns 54,603 shares of the industrial products company’s stock valued at $1,308,000 after purchasing an additional 17,651 shares during the period. Invesco Ltd. lifted its stake in shares of TriMas by 12.2% in the first quarter. Invesco Ltd. now owns 83,699 shares of the industrial products company’s stock valued at $1,934,000 after purchasing an additional 9,126 shares during the period. Diversified Trust Co lifted its stake in shares of TriMas by 10.2% in the second quarter. Diversified Trust Co now owns 10,500 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 970 shares during the period. Finally, Arizona State Retirement System acquired a new stake in shares of TriMas in the first quarter valued at about $244,000. Institutional investors own 91.63% of the company’s stock.

Shares of NASDAQ TRS traded down $0.03 during midday trading on Tuesday, reaching $25.30. 164,850 shares of the company’s stock traded hands, compared to its average volume of 140,996. The company has a quick ratio of 1.83, a current ratio of 3.07 and a debt-to-equity ratio of 0.49. The stock’s 50 day simple moving average is $24.96 and its 200-day simple moving average is $23.97. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 20.91 and a beta of 0.91. TriMas has a one year low of $18.05 and a one year high of $33.07.

TriMas Company Profile

TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name.

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Earnings History and Estimates for TriMas (NASDAQ:TRS)

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