TriMas (NASDAQ:TRS – Get Free Report) will announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. TriMas has set its FY24 guidance at $1.95-2.15 EPS and its FY 2024 guidance at 1.950-2.150 EPS.Investors interested in listening to the company’s conference call can do so using this link.
TriMas (NASDAQ:TRS – Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The firm had revenue of $209.60 million for the quarter, compared to the consensus estimate of $246.44 million. TriMas had a return on equity of 8.85% and a net margin of 4.52%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. On average, analysts expect TriMas to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
TriMas Trading Up 2.1 %
Shares of NASDAQ TRS opened at $26.48 on Monday. The company’s fifty day moving average is $25.53 and its 200-day moving average is $25.05. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 27.30 and a beta of 0.71. TriMas has a twelve month low of $22.59 and a twelve month high of $29.07. The company has a quick ratio of 1.29, a current ratio of 2.49 and a debt-to-equity ratio of 0.58.
TriMas Dividend Announcement
Insider Activity at TriMas
In related news, CEO Thomas A. Amato acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $23.62 per share, with a total value of $236,200.00. Following the transaction, the chief executive officer now owns 286,168 shares of the company’s stock, valued at approximately $6,759,288.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.
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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