Equities analysts predict that TriMas Co. (NASDAQ:TRS – Get Rating) will report sales of $238.92 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for TriMas’ earnings, with the lowest sales estimate coming in at $236.44 million and the highest estimate coming in at $241.40 million. TriMas reported sales of $218.99 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that TriMas will report full year sales of $938.35 million for the current fiscal year, with estimates ranging from $937.70 million to $939.00 million. For the next financial year, analysts anticipate that the firm will report sales of $989.95 million, with estimates ranging from $976.20 million to $1.00 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow TriMas.
TriMas (NASDAQ:TRS – Get Rating) last issued 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. TriMas had a net margin of 6.68% and a return on equity of 13.05%. The business had revenue of $224.30 million during the quarter, compared to analysts’ expectations of $233.68 million. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s revenue was up 8.5% on a year-over-year basis.
In related news, Chairman Samuel Valenti III sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $31.59, for a total transaction of $94,770.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Teresa Finley bought 3,236 shares of TriMas stock in a transaction on Wednesday, March 2nd. The shares were acquired at an average cost of $30.89 per share, for a total transaction of $99,960.04. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new stake in shares of TriMas in 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. boosted its stake 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 purchasing an additional 1,880 shares during 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. boosted its stake 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 purchasing an additional 2,860 shares during the last quarter.
Shares of TriMas stock opened at $26.84 on Friday. TriMas has a twelve month low of $26.06 and a twelve month high of $38.72. The company has a quick ratio of 1.46, a current ratio of 2.48 and a debt-to-equity ratio of 0.62. The company has a 50-day simple moving average of $30.64 and a two-hundred day simple moving average of $33.07. The stock has a market capitalization of $1.14 billion, a price-to-earnings 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. Investors of record on Thursday, May 5th were given 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 was Wednesday, May 4th. TriMas’s dividend 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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