TriMas Corporation (NASDAQ:TRS) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.37 per share.
For the full year, analysts predict revenues of $ 748.31 million, while looking forward to income of $ 1.43 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 788.65 million ~ $ 803.12 million, where as bottomline are predicted in a range of $ 1.50 ~ $ 1.60 per share
Click Here For More Historical Outlooks Of TriMas Corporation
Previous Quarter Performance
TriMas Corporation outlined income for the second quarter of $ 0.43 per share, from the revenue of $ 199.55 million. The quarterly earnings fell 14.00 percent while revenues dropped 16.64 percent compared with the same quarter last year.
Wall street analysts are predicting, TRS to report 2Q20 income of $ 0.31 per share from revenue of $ 183.14 million. The bottom line results beat street analysts by $ 0.12 or 38.71 percent, at the same time, top line results outshined analysts by $ 16.41 million or 8.96 percent.
Stock Performance
Shares of TriMas Corporation traded low $ -0.30 or -1.25 percent on Wednesday, reaching $ 23.61 with volume of 109.40 thousand shares. TriMas Corporation has traded high as $ 23.85 and has cracked $ 23.29 on the downward trend
According to the previous trading day, closing price of $ 23.61, representing a 32.47 % increase from the 52 week low of $ 18.05 and a 27.7 % decrease over the 52 week high of $ 33.07.
The company has a market capital of $ 1.07 billion and is part of the Industrials sector and Diversified Industrials industry.
Conference Call
TriMas Corporation will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.trimascorp.com
TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name.
