TriMas Corp (TRS) Given Daily Coverage Optimism Score of 0.09
Media stories about TriMas Corp (NYSE:TRS) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TriMas Corp earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.581926486955 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of TriMas Corp (NYSE TRS) traded down 0.90% on Tuesday, reaching $27.55. The company had a trading volume of 96,186 shares. The stock has a 50 day moving average price of $26.21 and a 200-day moving average price of $23.12. TriMas Corp has a 12 month low of $17.26 and a 12 month high of $28.40. The company’s market capitalization is $1.26 billion.
TriMas Corp (NYSE:TRS) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. TriMas Corp had a return on equity of 11.47% and a net margin of 6.96%. The company had revenue of $213.39 million for the quarter, compared to analysts’ expectations of $205.22 million. During the same period last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that TriMas Corp will post $1.42 EPS for the current fiscal year.
Several equities research analysts have recently commented on TRS shares. Seaport Global Securities cut TriMas Corp from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Friday, September 15th. BidaskClub cut TriMas Corp from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Zacks Investment Research cut TriMas Corp from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. ValuEngine cut TriMas Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, J P Morgan Chase & Co upgraded TriMas Corp from a “neutral” rating to an “overweight” rating and set a $27.00 price target for the company in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. TriMas Corp currently has an average rating of “Hold” and a consensus target price of $25.25.
In related news, Director Nancy Gougarty sold 5,882 shares of TriMas Corp stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $24.80, for a total transaction of $145,873.60. Following the completion of the sale, the director now owns 19,293 shares of the company’s stock, valued at $478,466.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul Swart sold 3,000 shares of TriMas Corp stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.76, for a total value of $74,280.00. The disclosure for this sale can be found here.
TriMas Corp Company Profile
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.
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