$0.42 EPS Expected for TriMas Corp (TRS) This Quarter

Equities analysts forecast that TriMas Corp (NASDAQ:TRS) will announce earnings per share of $0.42 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for TriMas’ earnings. The highest EPS estimate is $0.43 and the lowest is $0.42. TriMas posted earnings per share of $0.41 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The company is expected to announce its next earnings results before the market opens on Tuesday, April 30th.

On average, analysts expect that TriMas will report full-year earnings of $1.88 per share for the current financial year, with EPS estimates ranging from $1.86 to $1.90. For the next year, analysts expect that the business will report earnings of $2.00 per share, with EPS estimates ranging from $1.97 to $2.05. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for TriMas.

TriMas (NASDAQ:TRS) last posted its earnings results on Thursday, February 28th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. The firm had revenue of $211.35 million for the quarter, compared to analysts’ expectations of $205.52 million. TriMas had a return on equity of 13.61% and a net margin of 9.50%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share.

A number of analysts have commented on TRS shares. Zacks Investment Research cut TriMas from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. BidaskClub upgraded TriMas from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 20th. BMO Capital Markets reiterated a “buy” rating and set a $36.00 price objective on shares of TriMas in a research note on Monday, February 25th. Finally, Wells Fargo & Co boosted their price objective on TriMas from $30.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.50.

In related news, CFO Robert J. Zalupski sold 2,500 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $32.01, for a total value of $80,025.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its holdings in shares of TriMas by 212.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,470 shares of the industrial products company’s stock worth $40,000 after buying an additional 1,000 shares during the last quarter. Nkcfo LLC acquired a new position in shares of TriMas during the 4th quarter worth approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TriMas by 70.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,755 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 1,556 shares during the last quarter. Toronto Dominion Bank raised its position in shares of TriMas by 49.3% during the 4th quarter. Toronto Dominion Bank now owns 3,799 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of TriMas during the 4th quarter worth approximately $126,000.

Shares of TRS opened at $32.41 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.91 and a quick ratio of 1.68. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 3.46 and a beta of 1.57. TriMas has a 52 week low of $25.18 and a 52 week high of $32.92.

About TriMas

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.

Further Reading: Buy-Side Analysts

Get a free copy of the Zacks research report on TriMas (TRS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TriMas (NASDAQ:TRS)

Receive News & Ratings for TriMas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas and related companies with MarketBeat.com's FREE daily email newsletter.