TriMas (NASDAQ:TRS) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

TriMas (NASDAQ:TRS) released its quarterly earnings data on Thursday. The industrial products company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12, MarketWatch Earnings reports. The business had revenue of $199.60 million for the quarter, compared to analyst estimates of $183.14 million. TriMas had a return on equity of 9.98% and a net margin of 6.95%. The company’s revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS.

Shares of NASDAQ:TRS traded down $0.75 during mid-day trading on Friday, hitting $23.40. 221,628 shares of the company traded hands, compared to its average volume of 167,266. The firm has a market cap of $1.02 billion, a P/E ratio of 19.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.30 and a current ratio of 4.64. TriMas has a 52-week low of $18.05 and a 52-week high of $33.07. The firm’s 50 day simple moving average is $23.52 and its 200 day simple moving average is $24.79.

In other TriMas news, Director Holly M. Boehne acquired 2,582 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $19.31 per share, for a total transaction of $49,858.42. Following the acquisition, the director now directly owns 6,952 shares of the company’s stock, valued at $134,243.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

Several equities research analysts recently commented on TRS shares. BidaskClub upgraded TriMas from a “sell” rating to a “hold” rating in a report on Friday, July 17th. Zacks Investment Research upgraded TriMas from a “sell” rating to a “hold” rating and set a $21.00 target price on the stock in a report on Saturday, May 16th.

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 for TriMas (NASDAQ:TRS)

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