TriMas (TRS) Scheduled to Post Quarterly Earnings on Tuesday

TriMas (NASDAQ:TRS) is set to issue 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

TriMas (NASDAQ:TRS) last released its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.37 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the firm earned $0.62 EPS. The business’s 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 Trading Down 0.7 %

NASDAQ:TRS opened at $25.88 on Tuesday. TriMas has a 12 month low of $22.59 and a 12 month high of $29.07. The company has a current ratio of 2.49, a quick ratio of 1.29 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $25.42 and a 200-day moving average price of $25.00. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 26.68 and a beta of 0.71.

TriMas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 1st were given a dividend of $0.04 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.16 annualized dividend and a yield of 0.62%. TriMas’s payout ratio is 16.49%.

Insider Transactions at TriMas

In other news, CEO Thomas A. Amato purchased 10,000 shares of TriMas stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average cost of $23.62 per share, with a total value of $236,200.00. Following the completion of the purchase, the chief executive officer now directly owns 286,168 shares in the company, valued at $6,759,288.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% 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.