News stories about Trinseo (NYSE:TSE) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trinseo earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 47.2608577475101 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Trinseo (NYSE:TSE) remained flat at $$72.40 during mid-day trading on Friday. 614,085 shares of the company’s stock traded hands, compared to its average volume of 629,199. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.03 and a current ratio of 2.88. The firm has a market cap of $3,164.12, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 1.18 and a beta of 2.36.
Trinseo (NYSE:TSE) last issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 EPS for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.04). Trinseo had a return on equity of 67.62% and a net margin of 6.78%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $1.70 EPS. The business’s revenue was up 17.2% compared to the same quarter last year. equities research analysts forecast that Trinseo will post 7.68 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were given a dividend of $0.36 per share. The ex-dividend date was Friday, October 6th. This represents a $1.44 dividend on an annualized basis and a yield of 1.99%. Trinseo’s dividend payout ratio is currently 22.54%.
TSE has been the subject of several recent analyst reports. BidaskClub raised shares of Trinseo from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Deutsche Bank AG reissued a “buy” rating and issued a $74.00 price target (up from $72.00) on shares of Trinseo in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $82.00 price target on shares of Trinseo in a report on Friday, October 6th. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 price target for the company in a report on Friday, July 21st. Finally, ValuEngine raised shares of Trinseo from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $74.80.
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In other Trinseo news, insider Christopher D. Pappas sold 25,000 shares of Trinseo stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $68.50, for a total transaction of $1,712,500.00. Following the completion of the transaction, the insider now owns 265,240 shares in the company, valued at approximately $18,168,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy M. Stedman sold 5,399 shares of Trinseo stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $67.38, for a total value of $363,784.62. Following the transaction, the insider now owns 18,298 shares of the company’s stock, valued at approximately $1,232,919.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,399 shares of company stock valued at $2,401,335. 0.26% of the stock is currently owned by insiders.
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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