TriMas Corp (TRS) Expected to Post Quarterly Sales of $219.02 Million

Equities analysts expect TriMas Corp (NASDAQ:TRS) to post sales of $219.02 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for TriMas’ earnings, with estimates ranging from $215.48 million to $221.80 million. TriMas posted sales of $209.33 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, October 30th.

On average, analysts expect that TriMas will report full-year sales of $863.54 million for the current financial year, with estimates ranging from $854.32 million to $868.10 million. For the next financial year, analysts expect that the business will post sales of $892.50 million, with estimates ranging from $887.00 million to $896.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for TriMas.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $224.90 million during the quarter, compared to analysts’ expectations of $220.20 million. TriMas had a return on equity of 13.10% and a net margin of 6.27%. TriMas’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share.

A number of analysts have recently issued reports on TRS shares. BidaskClub lowered TriMas from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 13th. BMO Capital Markets reaffirmed a “buy” rating and issued a $35.00 price target on shares of TriMas in a research note on Friday, September 21st. Zacks Investment Research lowered TriMas from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded TriMas from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Finally, JPMorgan Chase & Co. downgraded TriMas from an “overweight” rating to a “neutral” rating in a research report on Thursday, July 12th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $31.75.

In related news, CFO Robert J. Zalupski sold 5,000 shares of TriMas stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $31.08, for a total transaction of $155,400.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. First Trust Advisors LP raised its holdings in shares of TriMas by 5.0% in the 2nd quarter. First Trust Advisors LP now owns 132,692 shares of the industrial products company’s stock valued at $3,901,000 after buying an additional 6,336 shares during the period. BlueMountain Capital Management LLC grew its stake in TriMas by 117.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 31,710 shares of the industrial products company’s stock worth $932,000 after purchasing an additional 17,142 shares in the last quarter. Mawer Investment Management Ltd. acquired a new position in TriMas during the 2nd quarter worth $5,246,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in TriMas by 38.1% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 218,523 shares of the industrial products company’s stock worth $5,737,000 after purchasing an additional 60,236 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in TriMas during the 2nd quarter worth $228,000. Institutional investors own 98.24% of the company’s stock.

Shares of NASDAQ:TRS traded down $0.05 during trading on Tuesday, reaching $28.10. The stock had a trading volume of 13,912 shares, compared to its average volume of 133,046. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.81 and a quick ratio of 1.53. The firm has a market capitalization of $1.32 billion, a PE ratio of 20.07, a P/E/G ratio of 3.35 and a beta of 1.93. TriMas has a 1-year low of $22.70 and a 1-year high of $31.80.

About TriMas

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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