Q3 2024 Earnings Estimate for TriMas Co. Issued By Zacks Research (NASDAQ:TRS)

TriMas Co. (NASDAQ:TRSFree Report) – Stock analysts at Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for shares of TriMas in a report released on Tuesday, May 14th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings per share of $0.60 for the quarter, up from their prior forecast of $0.59. The consensus estimate for TriMas’ current full-year earnings is $1.92 per share. Zacks Research also issued estimates for TriMas’ Q2 2025 earnings at $0.52 EPS.

TriMas (NASDAQ:TRSGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. The firm had revenue of $227.10 million for the quarter, compared to the consensus estimate of $220.60 million. TriMas had a net margin of 4.48% and a return on equity of 9.68%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 earnings per share.

Separately, BWS Financial reissued a “buy” rating and issued a $40.00 target price on shares of TriMas in a research report on Wednesday, May 1st.

Check Out Our Latest Research Report on TriMas

TriMas Trading Down 0.6 %

Shares of TriMas stock opened at $27.08 on Wednesday. TriMas has a 12-month low of $22.59 and a 12-month high of $29.07. The firm’s 50 day simple moving average is $25.90 and its two-hundred day simple moving average is $25.28. The company has a current ratio of 2.73, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 27.92 and a beta of 0.71.

TriMas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.59%. TriMas’s dividend payout ratio (DPR) is presently 16.49%.

Insider Activity at TriMas

In related news, Director Herbert K. Parker bought 6,100 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average cost of $26.52 per share, with a total value of $161,772.00. Following the completion of the acquisition, the director now directly owns 39,157 shares in the company, valued at $1,038,443.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TriMas news, Director Herbert K. Parker purchased 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of $26.27 per share, for a total transaction of $157,620.00. Following the purchase, the director now directly owns 51,157 shares in the company, valued at $1,343,894.39. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Herbert K. Parker purchased 6,100 shares of the stock in a transaction on Monday, May 6th. The shares were acquired at an average price of $26.52 per share, for a total transaction of $161,772.00. Following the transaction, the director now directly owns 39,157 shares of the company’s stock, valued at approximately $1,038,443.64. The disclosure for this purchase can be found here. Insiders acquired 25,600 shares of company stock worth $644,942 over the last three months. Company insiders own 1.30% of the company’s stock.

Institutional Trading of TriMas

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP boosted its holdings in TriMas by 5.7% in the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock worth $239,000 after buying an additional 478 shares during the last quarter. Swiss National Bank boosted its stake in shares of TriMas by 0.8% in the third quarter. Swiss National Bank now owns 91,300 shares of the industrial products company’s stock worth $2,261,000 after acquiring an additional 700 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of TriMas by 5.0% during the fourth 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 in the last quarter. Sendero Wealth Management LLC raised its stake in TriMas by 8.7% in the 4th quarter. Sendero Wealth Management LLC now owns 16,021 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in TriMas by 31.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,089 shares of the industrial products company’s stock valued at $225,000 after purchasing an additional 2,173 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

TriMas Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for TriMas (NASDAQ:TRS)

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