Trinseo S.A. (TSE) Updates FY17 Earnings Guidance

Trinseo S.A. (NYSE:TSE) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $7.59-7.77 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.83. Trinseo also updated its Q3 guidance to $2.15-2.27 EPS.

Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Trinseo from a hold rating to a buy rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of Trinseo from a hold rating to a strong-buy rating and set a $82.00 price objective for the company in a research note on Friday, July 21st. Jefferies Group LLC reiterated a buy rating and set a $82.00 price objective on shares of Trinseo in a research note on Friday, October 6th. ValuEngine upgraded shares of Trinseo from a buy rating to a strong-buy rating in a research note on Friday, September 1st. Finally, Alembic Global Advisors reiterated a buy rating on shares of Trinseo in a research note on Tuesday, September 5th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Trinseo currently has an average rating of Buy and an average target price of $74.80.

Trinseo S.A. (NYSE TSE) opened at 67.60 on Friday. The stock’s 50 day moving average is $67.31 and its 200-day moving average is $66.14. Trinseo S.A. has a 52-week low of $44.70 and a 52-week high of $72.60. The firm has a market capitalization of $2.96 billion, a PE ratio of 9.58 and a beta of 2.37.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, October 6th. This represents a $1.44 annualized dividend and a yield of 2.13%. Trinseo’s dividend payout ratio (DPR) is presently 20.34%.

Trinseo declared that its Board of Directors has approved a stock repurchase plan on Thursday, June 22nd that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other Trinseo news, Director Jeffrey J. Cote sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $65.01, for a total transaction of $325,050.00. Following the transaction, the director now owns 15,640 shares in the company, valued at $1,016,756.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher D. Pappas sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total transaction 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 quarter, insiders have sold 60,399 shares of company stock worth $4,177,335. Corporate insiders own 0.65% of the company’s stock.

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Trinseo Company Profile

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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