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.
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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