TriMas (TRS) Scheduled to Post Quarterly Earnings on Tuesday

TriMas (NASDAQ:TRS) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. TriMas has set its FY24 guidance at $1.95-2.15 EPS and its FY 2024 guidance at 1.950-2.150 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). TriMas had a net margin of 4.52% and a return on equity of 8.85%. The company had revenue of $209.60 million during the quarter, compared to the consensus estimate of $246.44 million. During the same period in the previous year, the firm posted $0.62 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts expect TriMas to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TriMas Stock Performance

Shares of TRS opened at $26.48 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.29 and a current ratio of 2.49. TriMas has a twelve month low of $22.59 and a twelve month high of $29.07. The firm’s 50 day moving average price is $25.53 and its two-hundred day moving average price is $25.05. The firm has a market cap of $1.08 billion, a P/E ratio of 27.30 and a beta of 0.71.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Monday, May 6th. TriMas’s payout ratio is currently 16.49%.

Insiders Place Their Bets

In other TriMas news, CEO Thomas A. Amato purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $23.62 per share, for a total transaction of $236,200.00. Following the completion of the purchase, the chief executive officer now owns 286,168 shares of the company’s stock, valued at approximately $6,759,288.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.