TriMas Corp (NASDAQ: TRS) has reported earnings for its first fiscal quarter (ending March 31) of $0.13 versus $0.12 for the same period a year ago — an increase of 8%. However, this result fell short of the consensus estimate of $0.48 by $-0.35. For the latest four quarters through March 31, E.P.S. were $0.99 versus $1.36 for the same period a year ago — a decline of -27%.
Recent Price Action
TriMas Corp (NASDAQ: TRS) stock declined by -2.8% on 4/30/24. The shares closed at $25.99. Moreover, this decline was accompanied by unusually high trading volume at 165% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
TRS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
TriMAS has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TriMAS has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 33, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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