Trinseo (TSE) Issues Quarterly Earnings Results

Trinseo (NYSE:TSE) issued its quarterly earnings results on Thursday. The basic materials company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.03, Briefing.com reports. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Trinseo had a return on equity of 59.09% and a net margin of 8.11%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $2.18 earnings per share.

Trinseo stock opened at $55.77 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.87 and a quick ratio of 2.01. Trinseo has a 52 week low of $50.20 and a 52 week high of $85.35. The stock has a market cap of $2.54 billion, a P/E ratio of 6.86, a PEG ratio of 0.56 and a beta of 2.50.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 24th. Investors of record on Wednesday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Tuesday, October 9th. Trinseo’s dividend payout ratio (DPR) is 19.68%.

Institutional investors have recently added to or reduced their stakes in the stock. First Quadrant L P CA acquired a new stake in shares of Trinseo during the second quarter worth about $117,000. Legacy Financial Advisors Inc. acquired a new stake in shares of Trinseo during the second quarter worth about $125,000. Group One Trading L.P. raised its position in Trinseo by 133.3% during the third quarter. Group One Trading L.P. now owns 2,220 shares of the basic materials company’s stock valued at $174,000 after acquiring an additional 8,879 shares in the last quarter. Jane Street Group LLC purchased a new position in Trinseo during the first quarter valued at approximately $202,000. Finally, Wilen Investment Management CORP. raised its position in Trinseo by 34.8% during the second quarter. Wilen Investment Management CORP. now owns 3,773 shares of the basic materials company’s stock valued at $287,000 after acquiring an additional 973 shares in the last quarter. 96.33% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the company. MED reissued a “buy” rating and issued a $90.00 price target on shares of Trinseo in a report on Thursday, August 2nd. Barclays lowered their price target on Trinseo from $88.00 to $71.00 and set an “equal weight” rating for the company in a report on Thursday, October 11th. ValuEngine raised Trinseo from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Citigroup lowered their price target on Trinseo from $80.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, October 10th. Finally, Zacks Investment Research raised Trinseo from a “hold” rating to a “strong-buy” rating and set a $90.00 target price for the company in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $85.57.

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Trinseo Company Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia Pacific, and internationally. The company operates through Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.

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Earnings History for Trinseo (NYSE:TSE)

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