This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
This Zacks #1 Rank (Strong Buy) is also trading with great valuations, even as it pressures the 52-week high.
TriMas makes engineered and applied products for a variety of industries. The company is broken down into 5 segments; Packaging, Energy, Aerospace & Defense, Engineered Components and Cequent (recreational products).
Since being featured as a Zacks Rank Buy in July, TriMas has reported 2 more earnings surprises, bringing the streak to 6. The latest quarterly report came on Oct 28.
Earnings per share came in at 37 cents, beating the estimates by 7 cents. Sales were up 22% to nearly $248 million during the quarter, credited to economic improvements as well as growth initiatives.
Given the strong quarterly performance, management raised its full-year outlook. TriMas expects to more than double EPS, from $0.43 to between $1.05 and $1.10.
Analysts agree and have pushed the Zacks Consensus Estimate to the high end of that range. Forecasts are calling for $1.10 on average, up 6 cents on the earnings news. Next year's estimates are up 8 cents, to $1.34.
If TriMas hits these projections the annual growth rates will be 156% and 22%, respectively.
A Good Value as Well
Shares of TRS are trading at 12 times the 2011 consensus estimate and with a PEG ratio of only 0.8. TriMas has the best price-to-sales ratio in its peer group, at 0.61 times.
Speaking of peers, the company stacks up very well next to its competitors. The company has an ROE of over 47%, compared to the 7.2% the industry averages.
There was some profit taking on the earnings news, but shares quickly bounced back. If they can push past the 52-week high, the bullish trend should continue.
Bill Wilton is the Aggressive Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Small Cap Trader service
Last Week's Aggressive Growth Zacks Rank Buy Stocks
Avnet, Inc. (AVT) has everything going its way. Shares are skyrocketing, but drastic estimate revisions are keeping valuation enticing.
Also, this Zacks #1 Rank (Strong Buy) has a great earnings history and continues to grow both organically and through acquisition.
Coach, Inc. (COH) has the wind at its back as sales and earnings continue to surge in this post-recession environment.
Growth rates and estimates are rising following the latest earnings surprise, keeping valuations at relatively attractive levels for this Zacks #1 Rank (Strong Buy).
Flextronics (FLEX) just might have it all. Following the sixth consecutive earnings surprise, management raised its outlook above the consensus estimates at the time.
Growth rates are looking fantastic and valuations are great for this Zacks #1 Rank (Strong Buy).
Vitamin Shoppe, Inc. (VSI) continues to post excellent results. The company has topped forecasts in each quarter since its 2009 IPO, recently increasing net income 3 fold.
Thanks to an optimistic and aggressive growth forecasts, analysts continue to raise estimates for this Zacks #1 Rank (Strong Buy).
Please login to Zacks.com or register to post a comment.