Brokerages Expect TriMas Corp (NASDAQ:TRS) Will Post Quarterly Sales of $243.28 Million

Analysts expect TriMas Corp (NASDAQ:TRS) to announce sales of $243.28 million for the current quarter, according to Zacks. Two analysts have provided estimates for TriMas’ earnings, with estimates ranging from $242.55 million to $244.00 million. TriMas reported sales of $223.78 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, November 4th.

According to Zacks, analysts expect that TriMas will report full-year sales of $934.50 million for the current fiscal year, with estimates ranging from $930.00 million to $939.60 million. For the next financial year, analysts anticipate that the company will report sales of $971.91 million, with estimates ranging from $963.12 million to $981.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow TriMas.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. TriMas had a net margin of 8.99% and a return on equity of 13.32%. The business had revenue of $239.37 million during the quarter, compared to the consensus estimate of $240.57 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year.

Separately, Zacks Investment Research raised shares of TriMas from a “sell” rating to a “hold” rating and set a $31.00 price target for the company in a report on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $33.33.

NASDAQ TRS traded up $0.25 on Friday, reaching $31.05. The company’s stock had a trading volume of 2,496 shares, compared to its average volume of 108,107. TriMas has a twelve month low of $25.18 and a twelve month high of $33.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.78. The stock has a market cap of $1.38 billion, a PE ratio of 17.71, a PEG ratio of 3.20 and a beta of 1.41. The firm’s 50 day moving average is $30.24 and its two-hundred day moving average is $30.34.

In other TriMas news, CFO Robert J. Zalupski sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $31.24, for a total transaction of $234,300.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. acquired a new position in shares of TriMas in the 3rd quarter valued at about $211,000. Susquehanna International Group LLP acquired a new position in shares of TriMas in the 2nd quarter valued at about $486,000. Nuveen Asset Management LLC acquired a new position in shares of TriMas in the 2nd quarter valued at about $14,498,000. UBS Asset Management Americas Inc. increased its holdings in shares of TriMas by 2.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,534 shares of the industrial products company’s stock valued at $853,000 after purchasing an additional 610 shares during the period. Finally, Alberta Investment Management Corp grew its stake in shares of TriMas by 23.4% in the 2nd quarter. Alberta Investment Management Corp now owns 50,100 shares of the industrial products company’s stock valued at $1,552,000 after buying an additional 9,500 shares in the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

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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