TriMas Corp (NYSE:TRS) – Stock analysts at Barrington Research reduced their FY2017 earnings per share (EPS) estimates for TriMas Corp in a report issued on Wednesday. Barrington Research analyst R. Hokanson now expects that the brokerage will earn $1.45 per share for the year, down from their previous forecast of $1.58.
TriMas Corp (NYSE:TRS) last announced its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.34. The business had revenue of $203.30 million for the quarter, compared to analyst estimates of $222.52 million. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s revenue for the quarter was down 9.6% on a year-over-year basis.
TRS has been the topic of several other research reports. JPMorgan Chase & Co. raised shares of TriMas Corp from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Tuesday. Jefferies Group lowered their price target on shares of TriMas Corp from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Friday, July 29th. Finally, TheStreet raised shares of TriMas Corp from a “sell” rating to a “hold” rating in a research report on Friday, July 1st.
TriMas Corp (NYSE:TRS) traded up 0.843% during mid-day trading on Thursday, hitting $18.545. 60,099 shares of the company traded hands. TriMas Corp has a one year low of $14.76 and a one year high of $22.02. The firm’s market capitalization is $843.11 million. The firm has a 50 day moving average of $18.40 and a 200 day moving average of $17.88.
In other news, insider Thomas A. Amato bought 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were acquired at an average price of $17.83 per share, with a total value of $142,640.00. Following the acquisition, the insider now owns 6,000 shares of the company’s stock, valued at approximately $106,980. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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