TriMas (TRS) Set to Announce Earnings on Monday

TriMas (NASDAQ:TRS - Get Free Report) will post its quarterly earnings results before the market opens on Monday, November 4th. Analysts expect TriMas to post earnings of $0.57 per share for the quarter. TriMas has set its FY24 guidance at $1.70-1.90 EPS and its FY 2024 guidance at 1.700-1.900 EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

TriMas (NASDAQ:TRS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.10). TriMas had a return on equity of 9.61% and a net margin of 4.44%. The business had revenue of $240.50 million for the quarter, compared to analysts' expectations of $238.63 million. During the same period last year, the firm earned $0.50 earnings per share. The firm's quarterly revenue was up 3.1% on a year-over-year basis. 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 traded up $0.13 during midday trading on Monday, reaching $27.36. 186,389 shares of the stock were exchanged, compared to its average volume of 265,670. The business's 50-day moving average price is $25.53 and its 200 day moving average price is $25.76. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 1.48. TriMas has a twelve month low of $22.45 and a twelve month high of $28.51. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 28.24 and a beta of 0.67.

TriMas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Tuesday, November 5th. TriMas's dividend payout ratio (DPR) is currently 16.49%.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a "buy" rating and issued a $40.00 price target on shares of TriMas in a research report on Wednesday, October 9th.

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.