BWS Financial Forecasts TriMas’ FY2024 Earnings (NASDAQ:TRS)

TriMas Co. (NASDAQ:TRS) – Research analysts at BWS Financial dropped their FY2024 EPS estimates for TriMas in a research report issued on Tuesday, November 5th. BWS Financial analyst H. Khorsand now forecasts that the industrial products company will post earnings per share of $1.67 for the year, down from their prior forecast of $1.70. BWS Financial currently has a “Buy” rating and a $40.00 target price on the stock. The consensus estimate for TriMas’ current full-year earnings is $1.75 per share. BWS Financial also issued estimates for TriMas’ Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.44 EPS and FY2025 earnings at $1.97 EPS.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.14). The business had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share.

Separately, StockNews.com lowered TriMas from a “hold” rating to a “sell” rating in a report on Tuesday.

TriMas Trading Down 0.3 %

Shares of TriMas stock opened at $27.32 on Friday. TriMas has a 12-month low of $22.45 and a 12-month high of $28.51. The company has a quick ratio of 1.48, a current ratio of 2.83 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $25.99 and its 200-day moving average is $25.85. The stock has a market cap of $1.11 billion, a P/E ratio of 42.69 and a beta of 0.66.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Tuesday, November 5th. TriMas’s payout ratio is currently 25.00%.

Institutional Trading of TriMas

Institutional investors and hedge funds have recently modified their holdings of the business. Innealta Capital LLC acquired a new stake in shares of TriMas during the second quarter valued at about $26,000. Quantbot Technologies LP boosted its position in TriMas by 5.7% during the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock worth $239,000 after buying an additional 478 shares during the period. Aristides Capital LLC bought a new stake in TriMas during the 2nd quarter worth approximately $245,000. Algert Global LLC grew its holdings in TriMas by 4.2% during the 2nd quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 639 shares during the last quarter. Finally, Inspire Investing LLC increased its position in TriMas by 17.4% in the 3rd quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company’s stock valued at $412,000 after acquiring an additional 2,389 shares during the period. 99.42% of the stock is currently owned by institutional investors.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. 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, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.