What is BWS Financial’s Estimate for TriMas FY2024 Earnings?

TriMas Co. (NASDAQ:TRS) – Analysts at BWS Financial cut their FY2024 earnings estimates for shares of TriMas in a research report issued 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.

Separately, StockNews.com downgraded shares of TriMas from a “hold” rating to a “sell” rating in a research report on Tuesday.

TriMas Stock Up 0.2 %

TriMas stock opened at $27.39 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.83 and a debt-to-equity ratio of 0.60. TriMas has a 12-month low of $22.45 and a 12-month high of $28.51. The firm’s fifty day moving average is $25.95 and its 200 day moving average is $25.84. The company has a market capitalization of $1.11 billion, a PE ratio of 42.80 and a beta of 0.66.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.14). The firm had revenue of $229.36 million during the quarter, compared to analyst estimates of $239.33 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TRS. Innealta Capital LLC acquired a new position in TriMas during the second quarter worth $26,000. Quantbot Technologies LP grew its stake in shares of TriMas by 5.7% in the 1st quarter. Quantbot Technologies LP now owns 8,933 shares of the industrial products company’s stock worth $239,000 after acquiring an additional 478 shares in the last quarter. Aristides Capital LLC bought a new stake in shares of TriMas in the 2nd quarter worth $245,000. Algert Global LLC grew its stake in shares of TriMas by 4.2% in the 2nd quarter. Algert Global LLC now owns 15,779 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 639 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in shares of TriMas by 17.4% in the 3rd quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 2,389 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.16 annualized dividend and a yield of 0.58%. TriMas’s payout ratio is 25.00%.

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.