TriMas Corp. (NYSE:TRS) announced its earnings results on Thursday. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03, AnalystRatingsNetwork.com reports. The company had revenue of $378.00 million for the quarter, compared to the consensus estimate of $361.74 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. TriMas Corp. updated its FY13 guidance to $2.15-2.25 EPS.
Several analysts have recently commented on the stock. Analysts at Sidoti downgraded shares of TriMas Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, July 8th. Analysts at Barrington Research upgraded shares of TriMas Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, June 10th. They now have a $40.00 price target on the stock.
Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. TriMas Corp. has an average rating of “Hold” and an average price target of $35.33.
TriMas Corp. (NYSE: TRS) traded down 2.45% on Friday, hitting $37.38. TriMas Corp. has a 1-year low of $18.44 and a 1-year high of $40.79. The stock’s 50-day moving average is currently $36.22. The company has a market cap of $1.484 billion and a price-to-earnings ratio of 43.74.
TriMas Corporation (NYSE: TRS) is a manufacturer and distributor of products for commercial, industrial and consumer markets.