Q1 2024 EPS Estimates for TriMas Co. Reduced by Analyst (NASDAQ:TRS)

TriMas Co. (NASDAQ:TRS) – Zacks Research cut their Q1 2024 EPS estimates for shares of TriMas in a research report issued on Tuesday, April 23rd. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings per share of $0.25 for the quarter, down from their previous estimate of $0.27. The consensus estimate for TriMas’ current full-year earnings is $1.94 per share. Zacks Research also issued estimates for TriMas’ Q2 2024 earnings at $0.48 EPS, Q4 2024 earnings at $0.50 EPS, FY2024 earnings at $1.81 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.19 EPS, Q1 2026 earnings at $0.53 EPS and FY2026 earnings at $2.36 EPS.

TriMas Trading Up 0.1 %

Shares of TRS opened at $26.28 on Wednesday. TriMas has a 1-year low of $22.59 and a 1-year high of $29.07. The company has a 50-day moving average of $25.49 and a 200 day moving average of $25.02. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 27.09 and a beta of 0.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.49 and a quick ratio of 1.29.

TriMas (NASDAQ:TRS) last announced its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). TriMas had a net margin of 4.52% and a return on equity of 8.85%. The company had revenue of $209.60 million for the quarter, compared to the consensus estimate of $246.44 million. During the same quarter in the previous year, the business earned $0.62 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TRS. Swiss National Bank grew its position in TriMas by 0.8% during the 3rd quarter. Swiss National Bank now owns 91,300 shares of the industrial products company’s stock worth $2,261,000 after purchasing an additional 700 shares during the last quarter. Summit Trail Advisors LLC grew its position in TriMas by 5.0% during the 4th quarter. Summit Trail Advisors LLC now owns 15,158 shares of the industrial products company’s stock worth $384,000 after purchasing an additional 716 shares during the last quarter. Sendero Wealth Management LLC grew its position in TriMas by 8.7% during the 4th quarter. Sendero Wealth Management LLC now owns 16,021 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 1,285 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TriMas by 31.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,089 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 2,173 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in TriMas by 19.8% during the 4th quarter. Handelsbanken Fonder AB now owns 15,095 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

Insider Activity

In other TriMas news, CEO Thomas A. Amato purchased 10,000 shares of TriMas stock in a transaction dated Friday, March 1st. The stock was acquired at an average price of $23.62 per share, for a total transaction of $236,200.00. Following the acquisition, the chief executive officer now owns 286,168 shares in the company, valued at approximately $6,759,288.16. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

TriMas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be issued a $0.04 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. TriMas’s dividend payout ratio is currently 16.49%.

TriMas Company Profile

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.