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

TriMas

30/04/2024 17:38

* TriMas Corp  TRS.OQ  reported quarterly adjusted earnings
of 37
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of 30
cents.  The mean expectation of two analysts for the quarter was
for earnings of 34 cents per share. Wall Street expected
results to range from 30 cents to 37 cents per share.
    * Revenue rose 5.4% to $227.10 million from a year ago;
analysts
expected $220.60 million. 
    * TriMas Corp's reported EPS for the quarter was 12 cents​.
    * The company reported quarterly net income of $5.14
million.
    * TriMas Corp shares had risen by 0.1% this quarter and
gained 5.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.8%
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 April 30 at
04:38 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
 Mar. 31 2024      0.34           0.37           Beat
 Dec. 31 2023      0.53           0.37           Missed
 Sep. 30 2023      0.55           0.57           Beat
 Jun. 30 2023      0.50           0.50           Met