TriMas Corp reports results for the quarter ended in December - Earnings Summary

TriMas

29/02/2024 15:26

* TriMas Corp  TRS.OQ  reported quarterly adjusted earnings
of 37
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 62
cents.  The mean expectation of two analysts for the quarter was
for earnings of 53 cents per share. Wall Street expected
results to range from 51 cents to 55 cents per share.
    * Revenue rose 3.1% to $209.56 million from a year ago;
analysts
expected $246.44 million. 
    * TriMas Corp's reported EPS for the quarter was 19 cents​.
    * The company reported quarterly net income of $7.94
million.
    * TriMas Corp shares had risen by 1.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is  "hold."

Wall Street's median 12-month price target for TriMas Corp is
$40.00 
This summary was machine generated from LSEG data February 29 at
03:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.53           0.37           Missed
 Sep. 30 2023      0.55           0.57           Beat
 Jun. 30 2023      0.50           0.50           Met
 Mar. 31 2023      0.26           0.30           Beat