TriMas (NASDAQ:TRS – Get Free Report) announced its quarterly earnings data on Tuesday. The industrial products company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.10), Briefing.com reports. TriMas had a return on equity of 9.68% and a net margin of 4.48%. The company had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $238.63 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. TriMas updated its FY24 guidance to $1.70-1.90 EPS and its FY 2024 guidance to 1.700-1.900 EPS.
TriMas Stock Performance
TRS stock traded down $0.78 during midday trading on Wednesday, hitting $24.60. 14,829 shares of the company traded hands, compared to its average volume of 212,598. TriMas has a twelve month low of $22.59 and a twelve month high of $27.89. The company has a quick ratio of 1.41, a current ratio of 2.73 and a debt-to-equity ratio of 0.63. The business has a 50 day simple moving average of $26.15 and a 200-day simple moving average of $25.76. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 26.16 and a beta of 0.67.
TriMas Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.16 annualized dividend and a yield of 0.65%. TriMas’s dividend payout ratio (DPR) is presently 16.49%.
Insider Buying and Selling at TriMas
Wall Street Analyst Weigh In
Separately, BWS Financial restated a “buy” rating and issued a $40.00 price target on shares of TriMas in a report on Wednesday, May 1st.
View Our Latest Stock Analysis on TriMas
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.
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