Equities research analysts predict that TriMas Corp (NASDAQ:TRS) will post $0.38 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for TriMas’ earnings. The lowest EPS estimate is $0.36 and the highest is $0.39. TriMas posted earnings per share of $0.31 in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.6%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, February 28th.

On average, analysts expect that TriMas will report full year earnings of $1.74 per share for the current fiscal year, with EPS estimates ranging from $1.71 to $1.76. For the next financial year, analysts anticipate that the company will report earnings of $1.87 per share, with EPS estimates ranging from $1.83 to $1.90. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover TriMas.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $223.78 million during the quarter, compared to analyst estimates of $218.65 million. TriMas had a return on equity of 13.54% and a net margin of 7.27%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share.

TRS has been the subject of several recent research reports. BidaskClub lowered TriMas from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Zacks Investment Research downgraded shares of TriMas from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, ValuEngine raised shares of TriMas from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in TRS. Schwab Charles Investment Management Inc. lifted its stake in TriMas by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 354,658 shares of the industrial products company’s stock valued at $10,427,000 after acquiring an additional 2,477 shares in the last quarter. BlackRock Inc. lifted its stake in TriMas by 4.3% in the 2nd quarter. BlackRock Inc. now owns 3,019,119 shares of the industrial products company’s stock valued at $88,761,000 after acquiring an additional 124,442 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of TriMas by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 260,700 shares of the industrial products company’s stock worth $7,665,000 after purchasing an additional 19,700 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of TriMas by 90.0% during the 2nd quarter. Macquarie Group Ltd. now owns 13,300 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of TriMas during the 2nd quarter worth approximately $576,000. 97.53% of the stock is owned by institutional investors and hedge funds.

TRS traded down $0.17 on Wednesday, hitting $27.95. The company had a trading volume of 258,625 shares, compared to its average volume of 201,468. The firm has a market cap of $1.30 billion, a P/E ratio of 19.96, a P/E/G ratio of 3.03 and a beta of 1.61. TriMas has a 12-month low of $22.70 and a 12-month high of $31.80. The company has a current ratio of 3.02, a quick ratio of 1.72 and a debt-to-equity ratio of 0.48.

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.

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