FY2024 EPS Estimates for TriMas Decreased by Zacks Research

TriMas Co. (NASDAQ:TRS) – Investment analysts at Zacks Research dropped their FY2024 earnings per share estimates for TriMas in a research report issued to clients and investors on Monday, November 18th. Zacks Research analyst M. Das now forecasts that the industrial products company will earn $1.70 per share for the year, down from their prior forecast 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 firms have also commented on TRS. BWS Financial restated a “buy” rating and issued a $40.00 price target on shares of TriMas in a report on Tuesday, November 5th. StockNews.com raised TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

TriMas Stock Performance

TriMas stock opened at $26.38 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.44 and a current ratio of 2.83. The company has a market capitalization of $1.07 billion, a PE ratio of 41.16 and a beta of 0.66. The company has a 50 day moving average price of $26.20 and a 200-day moving average price of $25.85. TriMas has a fifty-two week low of $22.45 and a fifty-two week high of $28.51.

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

TriMas Dividend Announcement

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

Institutional Investors Weigh In On TriMas

Several hedge funds have recently bought and sold shares of the stock. Impax Asset Management Group plc increased its position in shares of TriMas by 216.4% in the third quarter. Impax Asset Management Group plc now owns 410,000 shares of the industrial products company’s stock valued at $10,467,000 after buying an additional 280,431 shares in the last quarter. Wellington Management Group LLP increased its holdings in TriMas by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,619,359 shares of the industrial products company’s stock worth $66,872,000 after acquiring an additional 252,537 shares in the last quarter. Kennedy Capital Management LLC raised its position in TriMas by 197.8% during the first quarter. Kennedy Capital Management LLC now owns 273,200 shares of the industrial products company’s stock worth $7,303,000 after acquiring an additional 181,447 shares during the period. Invenomic Capital Management LP purchased a new position in TriMas during the third quarter valued at $3,655,000. Finally, Vanguard Group Inc. grew its position in shares of TriMas by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,358,524 shares of the industrial products company’s stock valued at $116,503,000 after purchasing an additional 100,068 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

TriMas Company Profile

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.