TriMas (TRS) Set to Announce Earnings on Monday

TriMas (NASDAQ:TRS) will announce its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

TriMas (NASDAQ:TRS) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.10). The firm had revenue of $240.50 million for the quarter, compared to the consensus estimate of $238.63 million. TriMas had a return on equity of 9.61% and a net margin of 4.44%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. 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 stock opened at $27.06 on Friday. The business’s fifty day simple moving average is $25.83 and its 200-day simple moving average is $25.81. The company has a market cap of $1.10 billion, a PE ratio of 27.61 and a beta of 0.67. The company has a current ratio of 2.82, a quick ratio of 1.48 and a debt-to-equity ratio of 0.63. TriMas has a 12-month low of $22.45 and a 12-month high of $28.51.

TriMas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.59%. The ex-dividend date is Tuesday, November 5th. TriMas’s dividend payout ratio is presently 16.33%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and issued a $40.00 price target on shares of TriMas in a 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.