TriMas Corp reports results for the quarter ended in September 30 - Earnings Summary

TriMas

04/11/2024 15:27

* TriMas Corp  TRS.OQ  reported quarterly adjusted earnings
of 43
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 57
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 50 cents to 56 cents per share.
    * Revenue fell 2.5% to $229.36 million from a year ago;
analysts
expected $239.33 million. 
    * TriMas Corp's reported EPS for the quarter was 6 cents​.
    * The company reported quarterly net income of $2.53
million.
    * TriMas Corp shares had risen by 6.0% this quarter and
gained 6.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "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 also "buy"

Wall Street's median 12-month price target for TriMas Corp is
34.15 
This summary was machine generated from LSEG data November 4 at
03:27 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
 Sep. 30 2024      0.53           0.43           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