TriMas Co. (NASDAQ:TRS) to Issue Quarterly Dividend of $0.04

TriMas Co. (NASDAQ:TRS) declared a quarterly dividend on Tuesday, October 22nd, RTT News reports. Investors of record on Tuesday, November 5th will be paid a dividend of 0.04 per share by the industrial products company on Tuesday, November 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%.

TriMas has a dividend payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect TriMas to earn $1.96 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 8.2%.

TriMas Price Performance

Shares of NASDAQ TRS traded down $0.25 during mid-day trading on Tuesday, reaching $27.71. The company had a trading volume of 3,289 shares, compared to its average volume of 266,662. 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 one year low of $22.45 and a one year high of $28.51. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 28.53 and a beta of 0.67. The business’s 50-day simple moving average is $25.25 and its 200 day simple moving average is $25.73.

TriMas (NASDAQ:TRS) last released its earnings results on Tuesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The business had revenue of $240.50 million during the quarter, compared to the consensus estimate of $238.63 million. TriMas had a net margin of 4.44% and a return on equity of 9.61%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, research analysts predict that TriMas will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.