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 estimates for TriMas in a research report issued on Thursday, February 1st. Zacks Research analyst M. Das now expects that the industrial products company will post earnings per share of $0.62 for the quarter, up from their prior estimate 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 downgraded shares of 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 NASDAQ TRS opened at $24.40 on Monday. TriMas has a fifty-two week low of $22.59 and a fifty-two week high of $31.32. The company has a 50 day simple moving average of $25.30 and a two-hundred day simple moving average of $25.06. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 19.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 2.59.

Institutional Investors Weigh In On TriMas

Several institutional investors and hedge funds have recently made changes to their positions in TRS. Allspring Global Investments Holdings LLC boosted its holdings in TriMas by 16.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,069,777 shares of the industrial products company’s stock worth $77,757,000 after purchasing an additional 422,717 shares during the last quarter. Norges Bank purchased a new stake in TriMas in the fourth quarter worth approximately $6,443,000. Pzena Investment Management LLC boosted its holdings in TriMas by 7.0% in the third quarter. Pzena Investment Management LLC now owns 2,570,194 shares of the industrial products company’s stock worth $63,638,000 after purchasing an additional 167,452 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in TriMas by 140.5% in the second quarter. Renaissance Technologies LLC now owns 235,370 shares of the industrial products company’s stock worth $6,517,000 after purchasing an additional 137,500 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in TriMas by 2.7% in the second quarter. Wasatch Advisors LP now owns 3,142,111 shares of the industrial products company’s stock worth $86,377,000 after purchasing an additional 83,223 shares during the last quarter.

TriMas Company Profile

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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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