TriMas (TRS) to Release Earnings on Tuesday

TriMas (NASDAQ:TRS) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, July 30th. Analysts expect TriMas to post earnings of $0.53 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 that wish to listen to the company’s earnings conference call can do so using this link.

TriMas (NASDAQ:TRS) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. TriMas had a return on equity of 9.68% and a net margin of 4.48%. The firm had revenue of $227.10 million for the quarter, compared to the consensus estimate of $220.60 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The business’s revenue was up 5.4% 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 Price Performance

TriMas stock opened at $27.51 on Monday. TriMas has a 12 month low of $22.59 and a 12 month high of $28.26. The stock’s 50 day moving average is $26.19 and its 200-day moving average is $25.73. The company has a current ratio of 2.73, a quick ratio of 1.41 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 28.36 and a beta of 0.67.

TriMas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, August 6th. TriMas’s payout ratio is 16.49%.

Insiders Place Their Bets

In other news, CFO Scott A. Mell sold 1,500 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $27.30, for a total value of $40,950.00. Following the completion of the transaction, the chief financial officer now directly owns 31,923 shares in the company, valued at approximately $871,497.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Scott A. Mell sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $27.30, for a total transaction of $40,950.00. Following the completion of the transaction, the chief financial officer now directly owns 31,923 shares of the company’s stock, valued at approximately $871,497.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Herbert K. Parker purchased 6,100 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were acquired at an average price of $26.52 per share, with a total value of $161,772.00. Following the completion of the acquisition, the director now owns 39,157 shares in the company, valued at approximately $1,038,443.64. The disclosure for this purchase can be found here. Insiders acquired 14,681 shares of company stock worth $387,053 over the last three months. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial reaffirmed a “buy” rating and issued a $40.00 target price on shares of TriMas in a research report on Wednesday, May 1st.

TriMas Company Profile

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.