TriMas - TRS Stock Forecast, Price & News

TriMas' stock was trading at $37.00 at the start of the year. Since then, TRS stock has decreased by 31.8% and is now trading at $25.25.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our TRS earnings forecast.

TriMas Co. (NASDAQ:TRS) released its quarterly earnings results on Thursday, July, 28th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The industrial products company earned $237.70 million during the quarter, compared to analysts' expectations of $238.92 million. TriMas had a trailing twelve-month return on equity of 12.74% and a net margin of 7.44%. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS.

TriMas announced a quarterly dividend on Friday, July 22nd. Stockholders of record on Thursday, August 4th will be given a dividend of $0.04 per share on Thursday, August 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, August 3rd.
Read our dividend analysis for TRS.

TriMas (NASDAQ:TRS) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.62%. The dividend payout ratio is 10.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRS will have a dividend payout ratio of 6.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRS.

TriMas issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $2.25-$2.35 for the period, compared to the consensus earnings per share estimate of $2.28. The company issued revenue guidance of $925.68 million-$951.39 million, compared to the consensus revenue estimate of $938.33 million.

6 employees have rated TriMas Chief Executive Officer Thomas Amato on Glassdoor.com. Thomas Amato has an approval rating of 62% among the company's employees. This puts Thomas Amato in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other TriMas investors own include Intelsat (I), Fossil Group (FOSL), Associated British Foods (ABF), Chaarat Gold (CGH), AMC Entertainment (AMC), Bank of America (BAC), First Data (FDC), Ciena (CIEN), Apollo Global Management (APO) and China Unicom (Hong Kong) (CHU).

TriMas trades on the NASDAQ under the ticker symbol "TRS."

TriMas' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (7.07%), Allspring Global Investments Holdings LLC (6.08%), Pzena Investment Management LLC (4.09%), Massachusetts Financial Services Co. MA (4.00%), River Road Asset Management LLC (3.20%) and State Street Corp (2.14%). Insiders that own company stock include Daniel P Tredwell, Fisher Steven, Herbert K Parker, Holly M Boehne, Jeffrey M Greene, John Philip Schaefer, Joshua A Sherbin, Paul Swart, Robert J Zalupski, Samuel Valenti III, Teresa Finley and Thomas A Amato.
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Shares of TRS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TRS stock can currently be purchased for approximately $25.25.

TriMas (NASDAQ:TRS) has a market capitalization of $1.06 billion and generates $857.11 million in revenue each year. The industrial products company earns $57.31 million in net income (profit) each year or $1.55 on an earnings per share basis.

The company employs 3,500 workers across the globe.

TriMas' mailing address is 38505 WOODWARD AVENUE SUITE 200, BLOOMFIELD HILLS MI, 48304. The official website for the company is www.trimascorp.com. The industrial products company can be reached via phone at (248) 631-5450, via email at sherrylauderback@trimascorp.com, or via fax at 248-382-1496.