Q2 2024 EPS Estimates for TriMas Co. (NASDAQ:TRS) Lifted by Zacks Research

TriMas Co. (NASDAQ:TRSFree Report) – Equities researchers at Zacks Research upped their Q2 2024 earnings per share (EPS) estimates for shares of TriMas in a report issued on Thursday, February 1st. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings of $0.62 per share for the quarter, up from their previous forecast of $0.60. The consensus estimate for TriMas’ current full-year earnings is $1.88 per share. Zacks Research also issued estimates for TriMas’ Q3 2024 earnings at $0.62 EPS, FY2024 earnings at $2.33 EPS, Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.68 EPS, Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.69 EPS and FY2025 earnings at $2.69 EPS.

Separately, StockNews.com lowered TriMas from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th.

View Our Latest Report on TRS

TriMas Price Performance

Shares of TRS stock opened at $24.40 on Monday. The stock’s fifty day simple moving average is $25.30 and its 200 day simple moving average is $25.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.59 and a quick ratio of 1.43. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 19.84 and a beta of 0.72. TriMas has a one year low of $22.59 and a one year high of $31.32.

Institutional Investors Weigh In On TriMas

A number of institutional investors and hedge funds have recently made changes to their positions in TRS. Charles Schwab Investment Management Inc. increased its holdings in TriMas by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 537,981 shares of the industrial products company’s stock valued at $13,627,000 after purchasing an additional 20,956 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in TriMas by 5.0% in the fourth quarter. Summit Trail Advisors LLC now owns 15,158 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 716 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in TriMas by 35.1% in the fourth quarter. Russell Investments Group Ltd. now owns 41,774 shares of the industrial products company’s stock valued at $1,058,000 after purchasing an additional 10,859 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in TriMas by 8.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 102,562 shares of the industrial products company’s stock valued at $2,598,000 after purchasing an additional 7,903 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in TriMas by 19.8% in the fourth quarter. Handelsbanken Fonder AB now owns 15,095 shares of the industrial products company’s stock valued at $382,000 after purchasing an additional 2,500 shares during the last quarter.

About TriMas

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TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. It operates through three segments: Packaging, Aerospace, and Specialty Products. 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.

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Earnings History and Estimates for TriMas (NASDAQ:TRS)

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