TriMas (NASDAQ:TRS) Issues FY19 Earnings Guidance

TriMas (NASDAQ:TRS) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.82-1.92 for the period, compared to the Thomson Reuters consensus estimate of $1.88.

Shares of TRS stock traded down $0.12 during mid-day trading on Wednesday, hitting $30.21. The company had a trading volume of 110,808 shares, compared to its average volume of 153,863. The company has a market capitalization of $1.37 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 3.15 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.61 and a current ratio of 2.86. TriMas has a 52-week low of $25.18 and a 52-week high of $33.45.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. The company had revenue of $221.29 million for the quarter, compared to the consensus estimate of $225.12 million. TriMas had a net margin of 8.86% and a return on equity of 13.54%. TriMas’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, research analysts predict that TriMas will post 1.9 EPS for the current fiscal year.

A number of research analysts have weighed in on TRS shares. Wells Fargo & Co boosted their price objective on shares of TriMas from $30.00 to $33.00 and gave the company a market perform rating in a research report on Friday, March 1st. BMO Capital Markets reiterated a buy rating and set a $34.00 price objective on shares of TriMas in a research report on Wednesday, January 30th. Finally, BidaskClub upgraded shares of TriMas from a hold rating to a buy rating in a research report on Saturday, February 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. TriMas currently has a consensus rating of Buy and an average price target of $34.50.

In other TriMas news, Director Eugene A. Miller sold 10,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $30.01, for a total transaction of $300,100.00. Following the transaction, the director now directly owns 99,425 shares in the company, valued at approximately $2,983,744.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nancy Gougarty sold 8,037 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $30.33, for a total transaction of $243,762.21. Following the transaction, the director now owns 24,403 shares in the company, valued at $740,142.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,883 shares of company stock worth $1,729,414. Company insiders own 1.30% of the company’s stock.

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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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