News coverage about TriMas (NASDAQ:TRS) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TriMas earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 45.0690528205367 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
TriMas (NASDAQ:TRS) opened at $25.95 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.28 and a current ratio of 2.55. The company has a market capitalization of $1,170.55, a PE ratio of 38.73, a price-to-earnings-growth ratio of 3.02 and a beta of 1.88. TriMas has a 52 week low of $19.75 and a 52 week high of $28.85.
TriMas (NASDAQ:TRS) last issued its earnings results on Tuesday, February 27th. The industrial products company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The business had revenue of $195.20 million for the quarter, compared to analyst estimates of $192.36 million. TriMas had a return on equity of 12.09% and a net margin of 3.79%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. sell-side analysts forecast that TriMas will post 1.7 EPS for the current year.
A number of research analysts recently commented on TRS shares. BidaskClub downgraded TriMas from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine raised TriMas from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Deutsche Bank set a $29.00 price target on TriMas and gave the company a “hold” rating in a research note on Friday, January 19th. Zacks Investment Research raised TriMas from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. dropped their price target on TriMas from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $28.60.
TriMas 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.