TriMas (NASDAQ:TRS) Releases FY 2024 Earnings Guidance

TriMas (NASDAQ:TRS) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.700-1.900 for the period, compared to the consensus earnings per share estimate of 1.710. The company issued revenue guidance of -. TriMas also updated its FY24 guidance to $1.70-1.90 EPS.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “buy” rating and issued a $40.00 target price on shares of TriMas in a research note on Wednesday, October 9th.

TriMas Stock Performance

Shares of NASDAQ TRS traded up $0.37 during trading hours on Tuesday, hitting $25.24. 13,792 shares of the company’s stock were exchanged, compared to its average volume of 264,084. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 39.31 and a beta of 0.66. The company’s 50-day moving average price is $25.83 and its 200-day moving average price is $25.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 1.48. TriMas has a 1-year low of $22.45 and a 1-year high of $28.51.

TriMas (NASDAQ:TRS) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.14). The firm had revenue of $229.36 million for the quarter, compared to the consensus estimate of $239.33 million. TriMas had a net margin of 4.44% and a return on equity of 9.61%. The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 earnings per share. On average, sell-side analysts expect that TriMas will post 1.75 earnings per share for the current fiscal year.

TriMas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Tuesday, November 5th. TriMas’s dividend payout ratio (DPR) is 25.00%.

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.