Trinseo (NYSE:TSE) Announces Earnings Results, Misses Expectations By $0.41 EPS

Trinseo (NYSE:TSE) released its quarterly earnings data on Wednesday. The basic materials company reported ($2.95) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.54) by ($0.41), MarketWatch Earnings reports. The business had revenue of $569.70 million for the quarter, compared to analysts’ expectations of $599.45 million. Trinseo had a negative return on equity of 10.14% and a negative net margin of 4.22%. Trinseo’s quarterly revenue was down 40.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share.

Shares of NYSE TSE traded down $0.68 during trading on Friday, hitting $21.70. The company had a trading volume of 1,046,758 shares, compared to its average volume of 642,118. The company has a market cap of $829.81 million, a P/E ratio of -6.03 and a beta of 1.75. Trinseo has a 52 week low of $14.16 and a 52 week high of $50.14. The business’s 50-day moving average is $22.72 and its 200 day moving average is $23.07. The company has a debt-to-equity ratio of 2.89, a quick ratio of 2.14 and a current ratio of 3.08.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 9th were issued a $0.40 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $1.60 annualized dividend and a dividend yield of 7.37%. Trinseo’s dividend payout ratio is currently 51.12%.

TSE has been the subject of several analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Trinseo in a research note on Wednesday, June 17th. Zacks Investment Research downgraded shares of Trinseo from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Deutsche Bank decreased their target price on shares of Trinseo from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Tuesday, May 12th. Barclays cut their price target on shares of Trinseo from $34.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Finally, ValuEngine raised shares of Trinseo from a “hold” rating to a “buy” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $23.50.

In related news, major shareholder M&G Investment Management Ltd purchased 310,510 shares of the company’s stock in a transaction on Monday, July 13th. The shares were bought at an average price of $21.81 per share, with a total value of $6,772,223.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is currently owned by corporate insiders.

About Trinseo

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 six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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Earnings History for Trinseo (NYSE:TSE)

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