BWS Financial Has Pessimistic View of TriMas FY2024 Earnings

TriMas Co. (NASDAQ:TRS - Free Report) - Equities researchers at BWS Financial dropped their FY2024 EPS estimates for TriMas in a note issued to investors on Tuesday, November 5th. BWS Financial analyst H. Khorsand now expects that the industrial products company will post earnings of $1.67 per share for the year, down from their prior forecast of $1.70. BWS Financial has a "Buy" rating and a $40.00 price objective on the stock. The consensus estimate for TriMas' current full-year earnings is $1.75 per share. BWS Financial also issued estimates for TriMas' Q1 2025 earnings at $0.43 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.44 EPS and FY2025 earnings at $1.97 EPS.

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

Separately, StockNews.com cut shares of TriMas from a "hold" rating to a "sell" rating in a research report on Tuesday.

TriMas Stock Down 0.3 %

TriMas stock traded down $0.07 during midday trading on Friday, hitting $27.32. 173,661 shares of the company were exchanged, compared to its average volume of 268,122. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.48. TriMas has a fifty-two week low of $22.45 and a fifty-two week high of $28.51. The company's fifty day moving average price is $25.95 and its 200-day moving average price is $25.84. The company has a market cap of $1.11 billion, a PE ratio of 42.80 and a beta of 0.66.

TriMas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, November 5th. TriMas's dividend payout ratio (DPR) is 25.00%.

Institutional Investors Weigh In On TriMas

A number of hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of TriMas by 1.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145,236 shares of the industrial products company's stock valued at $80,298,000 after buying an additional 51,701 shares during the last quarter. Quest Partners LLC increased its position in shares of TriMas by 275.2% in the 2nd quarter. Quest Partners LLC now owns 33,267 shares of the industrial products company's stock worth $850,000 after purchasing an additional 24,400 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of TriMas by 109.2% in the 1st quarter. First Eagle Investment Management LLC now owns 190,206 shares of the industrial products company's stock valued at $5,084,000 after purchasing an additional 99,300 shares in the last quarter. American Century Companies Inc. lifted its position in shares of TriMas by 12.5% during the second quarter. American Century Companies Inc. now owns 65,505 shares of the industrial products company's stock worth $1,674,000 after purchasing an additional 7,304 shares during the last quarter. Finally, Impax Asset Management Group plc grew its stake in 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 worth $10,467,000 after purchasing an additional 280,431 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company's stock.

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.