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

TriMas

30/07/2024 15:20

* TriMas Corp  TRS.OQ  reported quarterly adjusted earnings
of 43
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 50
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 53 cents to 54 cents per share.
    * Revenue rose 3.1% to $240.50 million from a year ago;
analysts
expected $238.63 million. 
    * TriMas Corp's reported EPS for the quarter was 27 cents​.
    * The company reported quarterly net income of $10.94
million.
    * TriMas Corp shares had risen by 6.9% this quarter and
gained 7.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
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 July 30 at
02:20 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
 Jun. 30 2024      0.53           0.43           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