TriMas (NASDAQ:TRS) Updates FY 2025 Earnings Guidance

Key Points

• TriMas has updated its FY 2025 earnings guidance, forecasting EPS between $1.950 and $2.100, surpassing the consensus estimate of $1.825, with revenue guidance also above the consensus.
• Shares of TriMas have experienced a significant rise of 15.4%, with the stock opening at $36.32 after recent positive earnings results exceeding analysts' expectations.
• The company has announced a quarterly dividend of $0.04 per share, reflecting an annualized yield of 0.44% and a payout ratio of 20.78%, with the payout scheduled for August 12th.

TriMas (NASDAQ:TRS - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.950-2.100 for the period, compared to the consensus earnings per share estimate of 1.825. The company issued revenue guidance of $999.0 million-$1.0 billion, compared to the consensus revenue estimate of $974.2 million.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. BWS Financial restated a "buy" rating and set a $45.00 price objective (up previously from $40.00) on shares of TriMas in a report on Wednesday. Wall Street Zen upgraded TriMas from a "hold" rating to a "buy" rating in a report on Sunday, June 1st.

TriMas Price Performance

Shares of TRS stock traded down $0.81 during trading on Friday, hitting $34.92. The company had a trading volume of 510,743 shares, compared to its average volume of 405,933. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 2.59. The firm has a market capitalization of $1.42 billion, a P/E ratio of 38.37 and a beta of 0.66. The stock's 50-day moving average price is $28.94 and its 200 day moving average price is $25.27. TriMas has a one year low of $19.33 and a one year high of $36.77.

TriMas (NASDAQ:TRS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.11. The business had revenue of $274.76 million during the quarter, compared to analysts' expectations of $251.18 million. TriMas had a return on equity of 11.49% and a net margin of 3.83%. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. Equities analysts expect that TriMas will post 1.69 EPS for the current fiscal year.

TriMas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, August 5th. TriMas's payout ratio is currently 17.58%.

Insider Activity at TriMas

In other news, Director Shawn Sedaghat acquired 410,172 shares of the stock in a transaction on Wednesday, May 21st. The stock was acquired at an average cost of $25.43 per share, for a total transaction of $10,430,673.96. Following the completion of the transaction, the director directly owned 1,810,821 shares in the company, valued at approximately $46,049,178.03. This trade represents a 29.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Adrianne Shapira acquired 4,000 shares of the stock in a transaction on Thursday, June 5th. The shares were purchased at an average price of $25.82 per share, with a total value of $103,280.00. Following the completion of the transaction, the director owned 8,476 shares of the company's stock, valued at approximately $218,850.32. This represents a 89.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 848,261 shares of company stock valued at $21,645,007. Company insiders own 14.20% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TriMas stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TriMas Corporation (NASDAQ:TRS - Free Report) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,120 shares of the industrial products company's stock after buying an additional 1,014 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of TriMas worth $565,000 as of its most recent SEC filing. Institutional investors and hedge funds own 99.42% of the company's stock.

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.