Equities analysts predict that TriMas Co. (NASDAQ:TRS – Get Rating) will post earnings per share of $0.60 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for TriMas’ earnings. TriMas reported earnings per share of $0.62 in the same quarter last year, which indicates a negative year-over-year growth rate of 3.2%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that TriMas will report full-year earnings of $2.28 per share for the current financial year, with EPS estimates ranging from $2.27 to $2.29. For the next fiscal year, analysts forecast that the business will post earnings of $2.66 per share, with EPS estimates ranging from $2.47 to $2.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow TriMas.
TriMas (NASDAQ:TRS – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The industrial products company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $224.30 million during the quarter, compared to analyst estimates of $233.68 million. TriMas had a return on equity of 13.05% and a net margin of 6.68%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS.
In related news, Director Teresa Finley acquired 3,236 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was purchased at an average price of $30.89 per share, for a total transaction of $99,960.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Samuel Valenti III sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $31.59, for a total transaction of $94,770.00. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of TRS. Lazard Asset Management LLC bought a new stake in shares of TriMas during the 4th quarter valued at $33,000. Pinebridge Investments L.P. bought a new stake in shares of TriMas in the 4th quarter valued at $81,000. PNC Financial Services Group Inc. increased its position in shares of TriMas by 182.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,912 shares of the industrial products company’s stock valued at $94,000 after buying an additional 1,880 shares in the last quarter. Wilen Investment Management CORP. bought a new stake in shares of TriMas in the 3rd quarter valued at $177,000. Finally, Citigroup Inc. increased its position in shares of TriMas by 99.8% in the 3rd quarter. Citigroup Inc. now owns 5,726 shares of the industrial products company’s stock valued at $185,000 after buying an additional 2,860 shares in the last quarter.
NASDAQ TRS traded down $0.19 during trading on Friday, hitting $26.84. 190,862 shares of the company traded hands, compared to its average volume of 106,067. TriMas has a 12 month low of $26.06 and a 12 month high of $38.72. The business has a fifty day simple moving average of $30.64 and a 200 day simple moving average of $33.08. The company has a current ratio of 2.48, a quick ratio of 1.46 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.14 billion, a P/E ratio of 19.88 and a beta of 0.74.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 12th. Shareholders of record on Thursday, May 5th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, May 4th. TriMas’s payout ratio is 11.85%.
About TriMas (Get Rating)
TriMas Corporation designs, develops, manufactures, and sells products for consumer products, aerospace, and industrial markets worldwide. It operates through three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, flexible spouts, and agricultural closures; polymeric jar products; integrated dispensers; bag-in-box products; aseptic closures; industrial closures and flex spouts; custom injection molded components and devices; various injection molded products; and single-bodied and assembled caps and closures under the Rieke, Taplast, Affaba & Ferrari, Stolz, Omega, and Rapak brands.
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