TriMas (TRS) to Release Quarterly Earnings on Thursday

TriMas (NASDAQ:TRS) will likely be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $226.27 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

TriMas Stock Down 1.6 %

Shares of TriMas stock opened at $23.22 on Friday. The firm’s 50 day moving average price is $24.21 and its 200-day moving average price is $25.18. The company has a quick ratio of 1.44, a current ratio of 2.83 and a debt-to-equity ratio of 0.60. TriMas has a 52-week low of $22.24 and a 52-week high of $28.51. The company has a market cap of $942.04 million, a P/E ratio of 36.28 and a beta of 0.66.

TriMas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 28th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.69%. TriMas’s payout ratio is currently 25.00%.

Analyst Ratings Changes

TRS has been the subject of a number of recent analyst reports. BWS Financial reiterated a “buy” rating and issued a $40.00 target price on shares of TriMas in a research note on Thursday, January 23rd. StockNews.com upgraded shares of TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

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.