TriMas (NASDAQ:TRS) Issues FY24 Earnings Guidance

TriMas (NASDAQ:TRS) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.70-1.90 for the period, compared to the consensus earnings per share estimate of $1.71. TriMas also updated its FY 2024 guidance to 1.700-1.900 EPS.

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and set a $40.00 target price on shares of TriMas in a report on Wednesday, October 9th.

TriMas Stock Down 4.2 %

Shares of TRS stock traded down $1.13 during mid-day trading on Monday, hitting $25.93. The company’s stock had a trading volume of 112,000 shares, compared to its average volume of 263,063. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 2.82. TriMas has a 52-week low of $22.45 and a 52-week high of $28.51. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 27.17 and a beta of 0.66. The business has a 50-day moving average price of $25.83 and a 200 day moving average price of $25.82.

TriMas Dividend Announcement

The business also recently announced 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 0.62%. The ex-dividend date is Tuesday, November 5th. TriMas’s dividend payout ratio (DPR) is presently 16.33%.

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.