FY2024 Earnings Forecast for TriMas Issued By Zacks Research

TriMas Co. (NASDAQ:TRS) – Zacks Research reduced their FY2024 earnings per share (EPS) estimates for TriMas in a research note issued on Monday, November 18th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $1.70 per share for the year, down from their prior estimate of $1.81. The consensus estimate for TriMas’ current full-year earnings is $1.74 per share. Zacks Research also issued estimates for TriMas’ Q4 2024 earnings at $0.47 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.47 EPS, FY2025 earnings at $2.02 EPS, Q1 2026 earnings at $0.57 EPS, Q2 2026 earnings at $0.61 EPS and Q3 2026 earnings at $0.63 EPS.

Several other research analysts have also recently commented on TRS. BWS Financial reiterated a “buy” rating and issued a $40.00 price target on shares of TriMas in a research note on Tuesday, November 5th. StockNews.com raised shares of TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

TriMas Trading Up 2.3 %

NASDAQ TRS opened at $26.21 on Wednesday. The company has a 50-day moving average of $26.17 and a 200-day moving average of $25.85. TriMas has a 12 month low of $22.45 and a 12 month high of $28.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The company has a market cap of $1.06 billion, a P/E ratio of 40.64 and a beta of 0.66.

TriMas (NASDAQ:TRS) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). The business had revenue of $229.36 million for the quarter, compared to analysts’ expectations of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share.

Hedge Funds Weigh In On TriMas

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in TriMas by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock worth $116,503,000 after purchasing an additional 100,068 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in TriMas by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,870 shares of the industrial products company’s stock valued at $639,000 after buying an additional 1,478 shares in the last quarter. Kennedy Capital Management LLC raised its stake in shares of TriMas by 197.8% in the first quarter. Kennedy Capital Management LLC now owns 273,200 shares of the industrial products company’s stock valued at $7,303,000 after acquiring an additional 181,447 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of TriMas by 5.0% in the 2nd quarter. Diversified Trust Co now owns 22,719 shares of the industrial products company’s stock worth $581,000 after acquiring an additional 1,072 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in TriMas by 8.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 262,294 shares of the industrial products company’s stock worth $6,704,000 after acquiring an additional 19,849 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

TriMas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.61%. TriMas’s payout ratio is presently 25.00%.

About TriMas

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.