Q2 2020 EPS Estimates for TriMas Corp Boosted by Analyst (TRS)

TriMas Corp (NASDAQ:TRS) – Investment analysts at KeyCorp increased their Q2 2020 EPS estimates for shares of TriMas in a research report issued to clients and investors on Tuesday, April 30th, Zacks Investment Research reports. KeyCorp analyst S. Barger now anticipates that the industrial products company will post earnings per share of $0.57 for the quarter, up from their previous estimate of $0.55. KeyCorp also issued estimates for TriMas’ Q3 2020 earnings at $0.53 EPS, Q4 2020 earnings at $0.49 EPS and FY2020 earnings at $2.05 EPS.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. TriMas had a return on equity of 13.54% and a net margin of 8.86%. The company had revenue of $221.29 million for the quarter, compared to the consensus estimate of $225.12 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year.

A number of other brokerages have also recently issued reports on TRS. Wells Fargo & Co lifted their target price on TriMas from $30.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. BMO Capital Markets restated a “buy” rating and issued a $34.00 target price on shares of TriMas in a report on Wednesday, January 30th. Finally, BidaskClub upgraded TriMas from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $34.50.

Shares of NASDAQ TRS traded down $0.69 during mid-day trading on Thursday, reaching $30.03. The company had a trading volume of 145,700 shares, compared to its average volume of 153,934. The company has a quick ratio of 1.61, a current ratio of 2.86 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 3.20 and a beta of 1.55. TriMas has a 1-year low of $25.18 and a 1-year high of $33.45.

Several hedge funds have recently modified their holdings of TRS. BlackRock Inc. grew its holdings in shares of TriMas by 3.9% during the third quarter. BlackRock Inc. now owns 3,136,016 shares of the industrial products company’s stock valued at $95,335,000 after buying an additional 116,897 shares in the last quarter. FMR LLC grew its holdings in shares of TriMas by 16.1% during the third quarter. FMR LLC now owns 12,075 shares of the industrial products company’s stock valued at $367,000 after buying an additional 1,675 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TriMas by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 87,292 shares of the industrial products company’s stock valued at $2,654,000 after buying an additional 2,858 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of TriMas by 33.7% during the third quarter. Renaissance Technologies LLC now owns 348,500 shares of the industrial products company’s stock valued at $10,594,000 after buying an additional 87,800 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in shares of TriMas by 34.2% during the third quarter. MetLife Investment Advisors LLC now owns 30,208 shares of the industrial products company’s stock valued at $918,000 after buying an additional 7,694 shares in the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

In related news, CFO Robert J. Zalupski sold 2,500 shares of TriMas stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $32.01, for a total value of $80,025.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

TriMas Company Profile

TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name.

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Earnings History and Estimates for TriMas (NASDAQ:TRS)

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