Q4 2017 EPS Estimates for TriMas Corp Lowered by KeyCorp (TRS)

TriMas Corp (NYSE:TRS) – Equities research analysts at KeyCorp dropped their Q4 2017 earnings per share estimates for TriMas Corp in a research note issued on Thursday. KeyCorp analyst S. Barger now forecasts that the industrial products company will post earnings per share of $0.32 for the quarter, down from their previous forecast of $0.33. KeyCorp also issued estimates for TriMas Corp’s Q1 2018 earnings at $0.34 EPS, Q2 2018 earnings at $0.41 EPS and Q4 2018 earnings at $0.37 EPS.

TriMas Corp (NYSE:TRS) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The company had revenue of $209.30 million for the quarter, compared to analyst estimates of $208.89 million. TriMas Corp had a net margin of 6.96% and a return on equity of 11.47%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share.

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A number of other brokerages also recently issued reports on TRS. Seaport Global Securities downgraded shares of TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research report on Friday, September 15th. BidaskClub downgraded shares of TriMas Corp from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of TriMas Corp from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. ValuEngine downgraded shares of TriMas Corp from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, J P Morgan Chase & Co upgraded shares of TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 price target on the stock in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. TriMas Corp currently has a consensus rating of “Hold” and a consensus target price of $25.25.

Shares of TriMas Corp (NYSE:TRS) opened at 27.20 on Monday. The firm has a 50-day moving average of $27.11 and a 200 day moving average of $23.60. TriMas Corp has a 12-month low of $17.45 and a 12-month high of $28.85. The firm’s market capitalization is $1.24 billion.

Several institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its position in shares of TriMas Corp by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 15,985 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 301 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of TriMas Corp by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 123,277 shares of the industrial products company’s stock valued at $2,570,000 after acquiring an additional 352 shares during the period. Citadel Advisors LLC lifted its position in shares of TriMas Corp by 0.5% during the 2nd quarter. Citadel Advisors LLC now owns 134,308 shares of the industrial products company’s stock valued at $2,800,000 after acquiring an additional 693 shares during the period. Brandywine Global Investment Management LLC lifted its position in shares of TriMas Corp by 0.9% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 122,135 shares of the industrial products company’s stock valued at $2,547,000 after acquiring an additional 1,149 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in shares of TriMas Corp by 1.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 97,862 shares of the industrial products company’s stock valued at $2,031,000 after acquiring an additional 1,476 shares during the period.

In related news, insider Paul Swart sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.76, for a total transaction of $74,280.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Nancy Gougarty sold 5,882 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.80, for a total transaction of $145,873.60. Following the transaction, the director now owns 19,293 shares in the company, valued at approximately $478,466.40. The disclosure for this sale can be found here.

About TriMas Corp

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.

Earnings History and Estimates for TriMas Corp (NYSE:TRS)

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