Trinseo S.A. (NYSE:TSE) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $1.53-1.71 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.70.
A number of analysts recently commented on the stock. Alembic Global Advisors reiterated a buy rating on shares of Trinseo in a research note on Tuesday, September 5th. Jefferies Group LLC reiterated a buy rating and issued a $82.00 target price on shares of Trinseo in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of Trinseo from a hold rating to a buy rating and set a $77.00 target price for the company in a research note on Wednesday, October 11th. Citigroup Inc. lifted their target price on shares of Trinseo from $67.00 to $70.00 and gave the stock a neutral rating in a research note on Wednesday, July 12th. Finally, Barclays PLC lowered their target price on shares of Trinseo from $75.00 to $73.00 and set an equal weight rating for the company in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $74.80.
Shares of Trinseo S.A. (TSE) traded up $1.10 during midday trading on Friday, reaching $72.40. 613,382 shares of the company’s stock traded hands, compared to its average volume of 629,199. The firm has a market cap of $3,164.12, a price-to-earnings ratio of 9.44 and a beta of 2.36.
Trinseo (NYSE:TSE) last announced its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.04). Trinseo had a net margin of 6.78% and a return on equity of 67.62%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. equities research analysts forecast that Trinseo S.A. will post 7.68 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, October 6th. Trinseo’s payout ratio is 22.54%.
In other Trinseo news, insider Timothy M. Stedman sold 5,399 shares of Trinseo stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $67.38, for a total transaction of $363,784.62. Following the completion of the sale, the insider now directly owns 18,298 shares in the company, valued at approximately $1,232,919.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey J. Cote sold 5,000 shares of Trinseo stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $65.01, for a total transaction of $325,050.00. Following the sale, the director now owns 15,640 shares of the company’s stock, valued at $1,016,756.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,399 shares of company stock valued at $2,401,335. Company insiders own 0.26% of the company’s stock.
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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.
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