TriMas Corp (NYSE:TRS) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $1.35-1.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.40. The company issued revenue guidance of $809-826 million (+2-4%), compared to the consensus revenue estimate of $806.75 million.
Several brokerages have recently weighed in on TRS. ValuEngine raised shares of TriMas Corp from a hold rating to a buy rating in a research report on Friday, June 2nd. BidaskClub raised shares of TriMas Corp from a sell rating to a hold rating in a research report on Tuesday, July 11th. Finally, Zacks Investment Research raised shares of TriMas Corp from a hold rating to a buy rating and set a $23.00 price objective on the stock in a research report on Saturday, July 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $23.00.
TriMas Corp (NYSE:TRS) opened at 23.95 on Friday. The company’s market capitalization is $1.09 billion. TriMas Corp has a 52-week low of $17.00 and a 52-week high of $24.40. The company’s 50-day moving average is $21.64 and its 200-day moving average is $21.73.
TriMas Corp (NYSE:TRS) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. TriMas Corp had a return on equity of 5.55% and a net margin of 3.50%. The business had revenue of $213.39 million for the quarter, compared to analysts’ expectations of $205.22 million. During the same period in the previous year, the business posted $0.34 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect that TriMas Corp will post $1.40 earnings per share for the current fiscal year.
In other news, insider Thomas A. Amato acquired 1,700 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were acquired at an average cost of $22.75 per share, for a total transaction of $38,675.00. Following the purchase, the insider now owns 57,379 shares of the company’s stock, valued at approximately $1,305,372.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert J. Zalupski sold 2,200 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $22.00, for a total value of $48,400.00. The disclosure for this sale can be found here.
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About TriMas Corp
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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