TriMas (NASDAQ:TRS – Get Free Report) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10), Briefing.com reports. TriMas had a return on equity of 9.61% and a net margin of 4.44%. The firm had revenue of $240.50 million during the quarter, compared to the consensus estimate of $238.63 million. During the same period last year, the business earned $0.50 EPS. TriMas’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 Down 1.2 %
NASDAQ:TRS opened at $24.29 on Friday. The firm has a market cap of $989.40 million, a P/E ratio of 25.04 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.41 and a current ratio of 2.73. TriMas has a fifty-two week low of $22.59 and a fifty-two week high of $27.89. The firm has a 50-day simple moving average of $26.05 and a two-hundred day simple moving average of $25.74.
TriMas Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.16 dividend on an annualized basis and a yield of 0.66%. TriMas’s dividend payout ratio (DPR) is currently 16.49%.
Insider Buying and Selling at TriMas
Wall Street Analyst Weigh In
Separately, BWS Financial reissued a “buy” rating and set a $40.00 price target on shares of TriMas in a research report on Wednesday.
Get Our Latest 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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