TriMas (TRS) to Release Earnings on Thursday

TriMas (NASDAQ:TRS) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $226.27 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

TriMas Trading Down 2.6 %

TriMas stock opened at $22.00 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.83 and a quick ratio of 1.44. The firm’s 50 day moving average price is $24.14 and its 200-day moving average price is $25.20. TriMas has a 1 year low of $21.97 and a 1 year high of $28.51. The stock has a market cap of $892.58 million, a P/E ratio of 34.38 and a beta of 0.66.

TriMas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 28th will be issued a $0.04 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.73%. TriMas’s dividend payout ratio is currently 25.00%.

Analyst Ratings Changes

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

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.