Brokerages expect TriMas Co. (NASDAQ:TRS) to report $208.62 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for TriMas’ earnings. The highest sales estimate is $213.26 million and the lowest is $206.72 million. TriMas posted sales of $199.83 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that TriMas will report full-year sales of $208.62 million for the current year, with estimates ranging from $844.50 million to $850.33 million. For the next fiscal year, analysts anticipate that the company will report sales of $875.37 million per share, with estimates ranging from $867.60 million to $887.05 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow TriMas.
TriMas (NASDAQ:TRS) last issued its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). TriMas had a net margin of 3.79% and a return on equity of 12.09%. The company had revenue of $195.20 million for the quarter, compared to analysts’ expectations of $192.36 million. During the same quarter last year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.
TRS has been the topic of a number of recent research reports. BMO Capital Markets initiated coverage on TriMas in a research report on Tuesday, April 3rd. They set an “outperform” rating and a $33.00 price objective on the stock. BidaskClub upgraded TriMas from a “hold” rating to a “buy” rating in a report on Friday, December 29th. ValuEngine upgraded TriMas from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded TriMas from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Monday, January 22nd. Finally, JPMorgan Chase reiterated an “overweight” rating and issued a $32.00 price target (down from $33.00) on shares of TriMas in a report on Tuesday, March 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. TriMas has a consensus rating of “Buy” and a consensus target price of $29.33.
Hedge funds and other institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can raised its holdings in shares of TriMas by 114.4% in the third quarter. Great West Life Assurance Co. Can now owns 6,790 shares of the industrial products company’s stock worth $183,000 after buying an additional 3,623 shares during the period. First Quadrant L P CA purchased a new stake in shares of TriMas in the fourth quarter worth approximately $195,000. We Are One Seven LLC purchased a new stake in shares of TriMas in the fourth quarter worth approximately $211,000. Cigna Investments Inc. New purchased a new stake in shares of TriMas in the fourth quarter worth approximately $212,000. Finally, SG Americas Securities LLC purchased a new stake in shares of TriMas in the third quarter worth approximately $228,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.
TRS stock traded down $0.13 during midday trading on Tuesday, reaching $27.22. 42,875 shares of the company traded hands, compared to its average volume of 141,831. TriMas has a 52-week low of $19.75 and a 52-week high of $28.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.55 and a quick ratio of 1.28. The company has a market cap of $1,253.80, a PE ratio of 19.50, a price-to-earnings-growth ratio of 3.28 and a beta of 1.77.
ILLEGAL ACTIVITY NOTICE: “$208.62 Million in Sales Expected for TriMas Co. (TRS) This Quarter” was first posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://transcriptdaily.com/2018/04/13/208-62-million-in-sales-expected-for-trimas-co-trs-this-quarter.html.
TriMas Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TriMas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriMas and related companies with MarketBeat.com's FREE daily email newsletter.