TriMas Co. (NASDAQ:TRS) Forecasted to Earn FY2024 Earnings of $1.70 Per Share

TriMas Co. (NASDAQ:TRS - Free Report) - Equities research analysts at BWS Financial reduced their FY2024 earnings per share (EPS) estimates for shares of TriMas in a report issued on Wednesday, October 9th. BWS Financial analyst H. Khorsand now anticipates that the industrial products company will earn $1.70 per share for the year, down from their previous forecast of $1.72. BWS Financial currently has a "Buy" rating and a $40.00 price target on the stock. The consensus estimate for TriMas' current full-year earnings is $1.76 per share. BWS Financial also issued estimates for TriMas' Q4 2024 earnings at $0.35 EPS and Q3 2025 earnings at $0.56 EPS.

TriMas (NASDAQ:TRS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.10). TriMas had a net margin of 4.44% and a return on equity of 9.61%. The business had revenue of $240.50 million during the quarter, compared to the consensus estimate of $238.63 million. During the same quarter last year, the business earned $0.50 EPS. The firm's quarterly revenue was up 3.1% compared to the same quarter last year.

TriMas Trading Up 1.0 %

NASDAQ TRS traded up $0.24 on Thursday, reaching $25.45. The company had a trading volume of 821,620 shares, compared to its average volume of 256,162. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 25.99 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 1.48. TriMas has a fifty-two week low of $22.45 and a fifty-two week high of $27.89. The business has a 50 day moving average of $24.65 and a two-hundred day moving average of $25.68.

TriMas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.63%. The ex-dividend date was Tuesday, August 6th. TriMas's payout ratio is presently 16.49%.

Institutional Investors Weigh In On TriMas

Institutional investors have recently modified their holdings of the company. Kennedy Capital Management LLC lifted its holdings in 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 buying an additional 181,447 shares during the period. Vanguard Group Inc. boosted its position in shares of TriMas by 2.3% during the 1st 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 in the last quarter. First Eagle Investment Management LLC grew its stake in TriMas by 109.2% during the first quarter. First Eagle Investment Management LLC now owns 190,206 shares of the industrial products company's stock worth $5,084,000 after purchasing an additional 99,300 shares during the period. Quadrature Capital Ltd bought a new stake in TriMas in the fourth quarter worth approximately $1,102,000. Finally, Wellington Management Group LLP increased its holdings in TriMas by 1.5% in the fourth quarter. Wellington Management Group LLP now owns 2,393,786 shares of the industrial products company's stock worth $60,635,000 after purchasing an additional 34,596 shares in the last quarter. 99.42% of the stock is owned by institutional investors.

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.