Trinseo S.A. (TSE) Issues Q3 Earnings Guidance

Trinseo S.A. (NYSE:TSE) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $2.15-2.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.40. Trinseo also updated its FY17 guidance to $7.59-7.77 EPS.

Several analysts have commented on the company. Alembic Global Advisors reissued a buy rating on shares of Trinseo in a report on Tuesday, September 5th. Jefferies Group LLC reissued a buy rating and issued a $82.00 price objective on shares of Trinseo in a report on Tuesday, August 29th. Zacks Investment Research raised Trinseo from a hold rating to a buy rating and set a $77.00 price objective on the stock in a report on Wednesday. Citigroup Inc. raised their price objective on Trinseo from $67.00 to $70.00 and gave the company a neutral rating in a report on Wednesday, July 12th. Finally, Barclays PLC dropped their price objective on Trinseo from $75.00 to $73.00 and set an equal weight rating on the stock in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $74.80.

Trinseo S.A. (NYSE:TSE) traded up 1.50% during trading on Thursday, hitting $67.60. The stock had a trading volume of 403,324 shares. The firm has a market cap of $2.96 billion, a P/E ratio of 9.58 and a beta of 2.37. Trinseo S.A. has a 12-month low of $44.70 and a 12-month high of $72.60. The stock’s 50 day moving average price is $67.18 and its 200 day moving average price is $66.13.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.41). The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.08 billion. Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The business’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.30 EPS. On average, analysts anticipate that Trinseo S.A. will post $6.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, October 6th. Trinseo’s dividend payout ratio is currently 20.34%.

Trinseo announced that its board has authorized a share repurchase program on Thursday, June 22nd that permits the company to repurchase 2,000,000 outstanding shares. This repurchase authorization permits the basic materials company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

In related news, insider Timothy M. Stedman sold 5,399 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $67.38, for a total value of $363,784.62. Following the sale, the insider now owns 18,298 shares in the company, valued at approximately $1,232,919.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher D. Pappas sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total value of $1,776,000.00. Following the completion of the sale, the insider now owns 265,240 shares in the company, valued at approximately $18,842,649.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,399 shares of company stock worth $4,177,335. Insiders own 0.65% of the company’s stock.

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About Trinseo

Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’s segments include Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks and Americas Styrenics. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders.

Earnings History and Estimates for Trinseo (NYSE:TSE)

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