For its fourth fiscal quarter (ending December 31), TriMas Corp (NASDAQ: TRS) has reported a -58% decline in E.P.S. from $0.45 a year ago to $0.19 in the current quarter. This result fell short of the consensus estimate of $0.53 by $-0.34. E.P.S. were $0.97 for the latest four quarters through December 31 versus $1.57 for the same period a year ago — a decline of -38%.
Recent Price Action
On 2/29/24, TriMas Corp (NASDAQ: TRS) stock suffered a large decline of -8.5%, closing at $23.50. Moreover, this decline was accompanied by exceptionally high trading volume at 280% of normal. The stock has performed in line with the market over the last nine months and has declined -8.3% during the last week.
Current PriceTarget Research Rating
TRS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
TriMAS has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TriMAS has a neutral Appreciation Score of 57 and a neutral Power Rating of 46, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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