About TriMas Corporation (NASDAQ:TRS)
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications. The Aerospace segment is a designer and manufacturer of a range of products for use in the aerospace industry. The Energy segment is a manufacturer and distributor of metallic and non-metallic gaskets, bolts, industrial fasteners and specialty products for the petroleum refining, petrochemical, oil field and industrial markets. The Engineered Components segment is a designer, manufacturer and distributor of high-pressure and acetylene cylinders for the transportation, storage and dispensing of compressed gases.
Industry, Sector and Symbol:
- Industry: Non-Paper Containers & Packaging
- Sub-Industry: Industrial Machinery
- Sector: Non-Paper Containers & Packaging - NEC
- Symbol: NASDAQ:TRS
- CUSIP: 89621520
- Web: www.trimascorp.com
- Debt-to-Equity Ratio: 0.62%
- Current Ratio: 2.67%
- Quick Ratio: 1.33%
Sales & Book Value:
- Trailing P/E Ratio: 17.91
- Forward P/E Ratio: 18.04
- P/E Growth: 2.73
- Annual Sales: $794.02 million
- Price / Sales: 1.45
- Cash Flow: $4.52 per share
- Price / Cash: 5.59
- Book Value: $11.96 per share
- Price / Book: 2.11
- Trailing EPS: ($0.72)
- Net Income: ($39,800,000.00)
- Net Margins: -4.01%
- Return on Equity: 12.18%
- Return on Assets: 6.03%
- Employees: 4,000
- Outstanding Shares: 45,720,000
Frequently Asked Questions for TriMas Corporation (NASDAQ:TRS)
What is TriMas Corporation's stock symbol?
TriMas Corporation trades on the NASDAQ under the ticker symbol "TRS."
How will TriMas Corporation's stock buyback program work?
TriMas Corporation declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 15th 2017, which allows the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.
How were TriMas Corporation's earnings last quarter?
TriMas Corporation (NASDAQ:TRS) posted its quarterly earnings results on Thursday, October, 26th. The industrial products company reported $0.39 EPS for the quarter, meeting the Zacks' consensus estimate of $0.39. The industrial products company earned $209.30 million during the quarter, compared to analysts' expectations of $208.89 million. TriMas Corporation had a negative net margin of 4.01% and a positive return on equity of 12.18%. The company's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. View TriMas Corporation's Earnings History.
When will TriMas Corporation make its next earnings announcement?
What guidance has TriMas Corporation issued on next quarter's earnings?
TriMas Corporation issued an update on its FY17 earnings guidance on Thursday, October, 26th. The company provided earnings per share (EPS) guidance of $1.37-1.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.42. The company issued revenue guidance of $809.9-825.78 million, compared to the consensus revenue estimate of $813.75 million.
Where is TriMas Corporation's stock going? Where will TriMas Corporation's stock price be in 2017?
4 equities research analysts have issued 12-month target prices for TriMas Corporation's shares. Their predictions range from $23.00 to $27.00. On average, they anticipate TriMas Corporation's share price to reach $25.25 in the next year. View Analyst Ratings for TriMas Corporation.
What are Wall Street analysts saying about TriMas Corporation stock?
Here are some recent quotes from research analysts about TriMas Corporation stock:
- 1. According to Zacks Investment Research, "TriMas’ results will be impacted by currency volatility and uncertainty in the broader macroeconomic environment. A stronger dollar makes product exports more difficult and translation impacts hamper sales of the company’s packaging and energy businesses, in Europe and the UK. Lower oil prices have affected the Arrow Engine business, which serves the upstream oil and natural gas markets at the well site, within its Engineered Components segment. In the packaging segment, the company continues to witness softer sales in certain segments of the U.S. market, primarily in health, beauty and home care. This will impact the segment’s sales in second-half 2017. Its estimates have gone down recently." (10/2/2017)
- 2. Jefferies Group LLC analysts commented, "TRS business model continues to focus on execution in 2017, especially within its Aerospace and Energy oriented businesses. Core sales declined ~8% in the last 2 years, we estimate ~3% y/y growth in 2017e, with 3 of the 4 segments estimated to show growth. Our earnings estimates are 2H17 weighted as profitability for all 4 segments is expected to improve vs. 1H17. We estimate FCF to focus on improving its 2.6x leverage ratio. Our 2017 estimates are unchanged." (3/27/2017)
Who are some of TriMas Corporation's key competitors?
Some companies that are related to TriMas Corporation include Criteo S.A. (CRTO), CSR Ltd (CSRE), Golar LNG Limited (GLNG), Old National Bancorp (ONB), Magellan Petroleum Corporation (TELL), Myriad Genetics (MYGN), The Descartes Systems Group (DSGX), Eagle Bancorp (EGBN), FirstService Corporation (FSV), Inovalon Holdings (INOV), Steven Madden (SHOO), Colliers International Group (CIGI), The Medicines Company (MDCO), Select Income REIT (SIR), Eldorado Resorts (ERI), Ocean Rig UDW (ORIG), Pan American Silver Corp. (PAAS) and Dorman Products (DORM).
Who are TriMas Corporation's key executives?
TriMas Corporation's management team includes the folowing people:
- Samuel Valenti III, Independent Chairman of the Board (Age 71)
- Thomas A. Amato, President, Chief Executive Officer, Director (Age 53)
- Robert J. Zalupski, Chief Financial Officer (Age 58)
- Joshua A. Sherbin, Senior Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary (Age 54)
- Richard Marcel Gabrys, Independent Director (Age 75)
- Nancy S. Gougarty, Independent Director (Age 61)
- Eugene A. Miller, Independent Director (Age 79)
- Herbert Kent Parker, Independent Director (Age 59)
- Nick Lee Stanage, Independent Director (Age 58)
Who owns TriMas Corporation stock?
TriMas Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include Fiduciary Management Inc. WI (6.30%), Dimensional Fund Advisors LP (5.57%), Pzena Investment Management LLC (0.00%), First Manhattan Co. (4.75%), Victory Capital Management Inc. (3.47%) and Royce & Associates LP (1.30%). Company insiders that own TriMas Corporation stock include Marshall A Cohen, Nancy Gougarty, Paul Swart, Robert J Zalupski and Thomas A Amato. View Institutional Ownership Trends for TriMas Corporation.
Who sold TriMas Corporation stock? Who is selling TriMas Corporation stock?
TriMas Corporation's stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Heartland Advisors Inc., Diamond Hill Capital Management Inc., Russell Investments Group Ltd., First Trust Advisors LP, Dimensional Fund Advisors LP, Bank of New York Mellon Corp and Nationwide Fund Advisors. Company insiders that have sold TriMas Corporation company stock in the last year include Nancy Gougarty, Paul Swart and Robert J Zalupski. View Insider Buying and Selling for TriMas Corporation.
Who bought TriMas Corporation stock? Who is buying TriMas Corporation stock?
TriMas Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Fiduciary Management Inc. WI, Royce & Associates LP, Van Den Berg Management I Inc., American Century Companies Inc., Comerica Bank, Keybank National Association OH and JPMorgan Chase & Co.. View Insider Buying and Selling for TriMas Corporation.
How do I buy TriMas Corporation stock?
Shares of TriMas Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TriMas Corporation's stock price today?
One share of TriMas Corporation stock can currently be purchased for approximately $25.25.
How big of a company is TriMas Corporation?
TriMas Corporation has a market capitalization of $1.16 billion and generates $794.02 million in revenue each year. The industrial products company earns ($39,800,000.00) in net income (profit) each year or ($0.72) on an earnings per share basis. TriMas Corporation employs 4,000 workers across the globe.
How can I contact TriMas Corporation?
MarketBeat Community Rating for TriMas Corporation (NASDAQ TRS)MarketBeat's community ratings are surveys of what our community members think about TriMas Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
TriMas Corporation's mailing address is 38505 Woodward Ave Ste 200, BLOOMFIELD HILLS, MI 48304-5093, United States. The industrial products company can be reached via phone at +1-248-6315400 or via email at email@example.com.
Analysts' Consensus Ratings for TriMas Corporation (NASDAQ:TRS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 3 Hold Ratings, 1 Buy Rating, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||$25.25 (0.00% downside)|Consensus Price Target History for TriMas Corporation (NASDAQ:TRS)
Analysts' Ratings History for TriMas Corporation (NASDAQ:TRS)
(Data available from 11/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/15/2017||Seaport Global Securities||Downgrade||Buy -> Neutral||$27.00||High|
|8/9/2017||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$27.00||Low|
|7/31/2017||Jefferies Group LLC||Reiterated Rating||Hold||$22.00 -> $24.00||Medium|
|3/1/2017||Roth Capital||Set Price Target||Hold||$23.00||N/A|
|2/16/2016||Goldman Sachs Group, Inc. (The)||Lower Price Target||Neutral||$21.00 -> $19.00||N/A|
Earnings History for TriMas Corporation (NASDAQ:TRS)Earnings History by Quarter for TriMas Corporation (NASDAQ TRS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/27/2018|| || || || || || || || |
|10/26/2017||Q3 2017||$0.39||$0.39||$208.89 million||$209.30 million||View||N/A|
|7/27/2017||Q2 2017||$0.36||$0.40||$205.22 million||$213.39 million||View||N/A|
|4/27/2017||Q1 2017||$0.28||$0.30||$200.40 million||$199.80 million||View||N/A|
|2/28/2017||Q4 2016||$0.30||$0.30||$191.10 million||$185.50 million||View||Listen|
|10/27/2016||Q3||$0.34||$0.35||$213.24 million||$202.30 million||View||Listen|
|7/28/2016||Q216||$0.34||$0.34||$222.52 million||$203.30 million||View||Listen|
|4/28/2016||Q116||$0.26||$0.27||$202.44 million||$202.90 million||View||Listen|
|2/25/2016||Q415||$0.29||$0.29||$209.96 million||$192.80 million||View||Listen|
|10/29/2015||Q315||$0.30||$0.39||$219.17 million||$222.20 million||View||Listen|
|8/4/2015||Q215||$0.31||$0.30||$234.10 million||$224.90 million||View||Listen|
|4/28/2015||Q115||$0.43||$0.41||$378.80 million||$366.50 million||View||Listen|
|2/25/2015||Q414||$0.37||$0.37||$348.08 million||$350.60 million||View||Listen|
|10/28/2014||Q314||$0.43||$0.47||$371.90 million||$380.10 million||View||N/A|
|7/31/2014||Q214||$0.64||$0.58||$399.50 million||$404.00 million||View||N/A|
|4/29/2014||Q114||$0.37||$0.41||$356.43 million||$367.70 million||View||N/A|
|2/20/2014||Q413||$0.36||$0.31||$321.60 million||$323.40 million||View||N/A|
|10/28/2013||Q313||$0.61||$0.70||$356.73 million||$355.60 million||View||N/A|
|7/25/2013||Q2 2013||$0.66||$0.69||$361.74 million||$378.00 million||View||N/A|
|4/25/2013||Q1 2013||$0.41||$0.44||$326.42 million||$337.80 million||View||N/A|
|2/26/2013||Q4 2012||$0.33||$0.33||$291.23 million||$301.00 million||View||N/A|
Earnings Estimates for TriMas Corporation (NASDAQ:TRS)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for TriMas Corporation (NASDAQ:TRS)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for TriMas Corporation (NASDAQ TRS)
Insider Ownership Percentage: 1.40%Insider Trades by Quarter for TriMas Corporation (NASDAQ TRS)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/3/2017||Paul Swart||Insider||Sell||1,500||$26.57||$39,855.00|| |
|11/3/2017||Robert J Zalupski||CFO||Sell||800||$26.60||$21,280.00|| |
|8/1/2017||Nancy Gougarty||Director||Sell||5,882||$24.80||$145,873.60|| |
|8/1/2017||Paul Swart||Insider||Sell||3,000||$24.76||$74,280.00|| |
|5/24/2017||Robert J Zalupski||CFO||Sell||2,200||$22.00||$48,400.00|| |
|5/4/2017||Thomas A Amato||Insider||Buy||1,700||$22.75||$38,675.00|| |
|3/14/2017||Robert J Zalupski||CFO||Sell||1,500||$21.25||$31,875.00|| |
|3/13/2017||Nancy Gougarty||Director||Sell||2,976||$21.01||$62,525.76|| |
|3/13/2017||Robert J Zalupski||CFO||Sell||5,000||$21.10||$105,500.00|| |
|11/4/2016||Thomas A Amato||Insider||Buy||2,000||$17.70||$35,400.00|| |
|10/31/2016||Thomas A Amato||Insider||Buy||2,200||$17.61||$38,742.00|| |
|8/5/2016||Thomas A Amato||Insider||Buy||8,000||$17.83||$142,640.00|| |
|3/8/2016||Nancy Gougarty||Director||Sell||4,005||$17.61||$70,528.05|| |
|11/24/2015||Marshall A Cohen||Director||Sell||36,183||$21.00||$759,843.00|| |
|11/9/2015||Herbert K Parker||Director||Buy||2,500||$20.33||$50,825.00|| |
|10/6/2015||Laura Lee Duffett||Director||Buy||7,000||$0.02||$140.00|
|10/5/2015||Laura Lee Duffett||Director||Buy||13,000||$0.02||$260.00|
|8/11/2015||Robert J Zalupski||CFO||Buy||2,500||$17.60||$44,000.00|| |
|5/21/2015||William Brent Moure||Director||Buy||15,000||$0.02||$300.00|
|5/20/2015||William Brent Moure||Director||Buy||6,000||$0.02||$120.00|
|5/14/2015||William Brent Moure||Director||Buy||150,000||$0.02||$3,000.00|
|5/11/2015||Marshall A Cohen||Director||Sell||6,424||$28.38||$182,313.12|| |
|4/2/2015||William Brent Moure||Director||Buy||200,000||$0.02||$3,000.00|
|11/3/2014||Thomas M Benson||Insider||Sell||3,500||$32.43||$113,505.00|| |
|10/31/2014||William Brent Moure||Director||Buy||60,000||$0.02||$900.00|
|5/27/2014||Joshua A Sherbin||VP||Sell||10,000||$35.53||$355,300.00|| |
|5/27/2014||Lynn A Brooks||Insider||Sell||6,000||$36.28||$217,680.00|| |
|5/23/2014||Thomas M Benson||Insider||Sell||4,000||$35.33||$141,320.00|| |
|5/19/2014||Paul Swart||CAO||Sell||1,000||$34.67||$34,670.00|| |
|5/2/2014||A Mark Zeffiro||CFO||Sell||13,000||$35.05||$455,650.00|| |
|5/1/2014||Joshua Sherbin||VP||Sell||2,000||$35.41||$70,820.00|| |
|12/19/2013||Daniel Tredwell||Director||Sell||99,814||$38.56||$3,848,827.84|| |
|12/17/2013||Daniel Tredwell||Director||Sell||120,000||$37.67||$4,520,400.00|| |
|12/12/2013||Daniel Tredwell||Director||Sell||15,000||$35.84||$537,600.00|| |
|12/9/2013||Daniel Tredwell||Director||Sell||25,000||$36.32||$908,000.00|| |
|12/4/2013||Daniel Tredwell||Director||Sell||15,000||$36.36||$545,400.00|| |
|11/22/2013||Daniel Tredwell||Director||Sell||200,000||$36.70||$7,340,000.00|| |
|11/18/2013||Daniel Tredwell||Director||Sell||248,413||$36.97||$9,183,828.61|| |
|11/18/2013||Joshua Sherbin||VP||Sell||10,616||$37.34||$396,401.44|| |
|11/14/2013||Daniel Tredwell||Director||Sell||91,100||$37.71||$3,435,381.00|| |
|11/6/2013||Lynn Brooks||Insider||Sell||5,000||$37.64||$188,200.00|| |
|11/4/2013||A Mark Zeffiro||CFO||Sell||8,067||$37.92||$305,900.64|| |
|10/29/2013||A Mark Zeffiro||CFO||Sell||17,600||$40.27||$708,752.00|| |
|8/26/2013||Lynn Brooks||Insider||Sell||2,000||$36.99||$73,980.00|| |
|8/15/2013||Samuel Valenti III||Chairman||Sell||20,245||$37.54||$759,997.30|| |
|7/30/2013||Daniel P Tredwell||Director||Sell||1,000,000||$36.34||$36,340,000.00|| |
|7/30/2013||David M Wathen||CEO||Sell||50,000||$37.14||$1,857,000.00|| |
|7/29/2013||Daniel P Tredwell||Director||Sell||30,643||$37.71||$1,155,547.53|| |
|5/31/2013||Daniel P Tredwell||Director||Sell||68,200||$32.61||$2,224,002.00|| |
|5/31/2013||Thomas M Benson||Insider||Sell||10,000||$32.50||$325,000.00|| |
|5/28/2013||Daniel P Tredwell||Director||Sell||66,802||$32.57||$2,175,741.14|| |
|5/28/2013||Paul Swart||CAO||Sell||2,600||$32.47||$84,422.00|| |
|5/22/2013||Daniel P Tredwell||Director||Sell||125,000||$32.74||$4,092,500.00|| |
|5/15/2013||Thomas M Benson||Insider||Sell||5,655||$31.75||$179,546.25|| |
|5/14/2013||Robert J Zalupski||VP||Sell||11,110||$31.70||$352,187.00|| |
|5/10/2013||Thomas M Benson||Insider||Sell||3,756||$31.50||$118,314.00|| |
|5/8/2013||Joshua A Sherbin||VP||Sell||6,000||$31.91||$191,460.00|| |
|5/7/2013||Lynn A Brooks||Insider||Sell||3,500||$31.52||$110,320.00|| |
|3/12/2013||Lynn A Brooks||Insider||Sell||2,000||$29.08||$58,160.00|| |
Headline Trends for TriMas Corporation (NASDAQ:TRS)
Latest Headlines for TriMas Corporation (NASDAQ TRS)
TriMas Corporation (NASDAQ TRS) Chart for Friday, November, 17, 2017