TriMas (TRS) Expected to Announce Earnings on Thursday

TriMas (NASDAQ:TRS) is expected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect TriMas to post earnings of $0.48 per share and revenue of $226.27 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

TriMas Stock Up 1.5 %

TRS stock opened at $22.32 on Wednesday. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. TriMas has a 1 year low of $21.97 and a 1 year high of $28.51. The company has a fifty day simple moving average of $24.07 and a 200 day simple moving average of $25.19. The firm has a market cap of $905.57 million, a PE ratio of 34.88 and a beta of 0.66.

TriMas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 28th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, February 28th. TriMas’s payout ratio is presently 25.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of TriMas from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. BWS Financial reissued a “buy” rating and set a $40.00 target price on shares of TriMas in a research report on Thursday, January 23rd.

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.