TriMas (TRS) Earning Somewhat Favorable News Coverage, Study Finds
Press coverage about TriMas (NASDAQ:TRS) has trended somewhat positive on Saturday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog 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 earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.3978907092212 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- TriMas Corporation (TRS) CFO Robert J. Zalupski Sells 2,816 Shares (americanbankingnews.com)
- Why Is TriMas (TRS) Down 6.5% Since the Last Earnings Report? (finance.yahoo.com)
- 9 Stocks Barrow, Hanley, Mewhinney & Strauss Keeps Buying (finance.yahoo.com)
- TriMas Corporation (TRS) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
Shares of TriMas (NASDAQ TRS) opened at $25.70 on Friday. The firm has a market cap of $1,184.18, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.84 and a beta of 2.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.67. TriMas has a 52 week low of $19.75 and a 52 week high of $28.85.
TriMas (NASDAQ:TRS) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. TriMas had a negative net margin of 4.01% and a positive return on equity of 12.18%. The company had revenue of $209.30 million during the quarter, compared to analysts’ expectations of $208.89 million. During the same quarter last year, the business earned $0.35 EPS. The business’s revenue was up 3.5% on a year-over-year basis. analysts forecast that TriMas will post 1.4 earnings per share for the current year.
TRS has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of TriMas from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Seaport Global Securities cut shares of TriMas from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a report on Friday, September 15th. J P Morgan Chase & Co upgraded shares of TriMas from a “neutral” rating to an “overweight” rating and set a $27.00 target price for the company in a report on Wednesday, August 9th. Finally, Zacks Investment Research cut shares of TriMas from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. TriMas has an average rating of “Hold” and an average target price of $25.25.
In related news, CFO Robert J. Zalupski sold 2,816 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $25.94, for a total value of $73,047.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Swart sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $26.57, for a total transaction of $39,855.00. The disclosure for this sale can be found here. Insiders have sold a total of 18,944 shares of company stock valued at $486,796 over the last 90 days. 1.40% of the stock is currently owned by insiders.
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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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