News articles about TriMas Corp (NYSE:TRS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TriMas Corp earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.5530507701424 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- TRIMAS CORPORATION (NASDAQ:TRS) Files An 8-K Results of Operations and Financial Condition (4-traders.com)
- Edited Transcript of TRS earnings conference call or presentation 26-Oct-17 2:00pm GMT (finance.yahoo.com)
- TriMas Corp (TRS) Issues Quarterly Earnings Results (americanbankingnews.com)
- TriMas Corp : TriMas Corporation to Host Earnings Call (4-traders.com)
A number of research analysts have recently weighed in on TRS shares. BidaskClub upgraded TriMas Corp from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. ValuEngine upgraded TriMas Corp from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research cut TriMas Corp from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and issued a $24.00 price target (up previously from $22.00) on shares of TriMas Corp in a research report on Monday, July 31st. Finally, Seaport Global Securities cut TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.25.
TriMas Corp (NYSE:TRS) traded down 1.27% during mid-day trading on Friday, hitting $27.20. The company had a trading volume of 161,501 shares. TriMas Corp has a one year low of $17.45 and a one year high of $28.85. The company’s 50 day moving average price is $27.11 and its 200-day moving average price is $23.60. The company’s market cap is $1.24 billion.
TriMas Corp (NYSE:TRS) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $209.30 million for the quarter, compared to analyst estimates of $208.89 million. TriMas Corp had a return on equity of 11.47% and a net margin of 6.96%. TriMas Corp’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. Equities research analysts anticipate that TriMas Corp will post $1.41 EPS for the current fiscal year.
In related news, insider Paul Swart sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $24.76, for a total transaction of $74,280.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nancy Gougarty sold 5,882 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.80, for a total value of $145,873.60. Following the transaction, the director now directly owns 19,293 shares in the company, valued at $478,466.40. The disclosure for this sale can be found here.
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TriMas Corp Company Profile
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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