Trinseo (NYSE:TSE) issued its quarterly earnings results on Monday. The basic materials company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.47, Yahoo Finance reports. Trinseo had a return on equity of 65.80% and a net margin of 6.78%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year.
Trinseo (NYSE:TSE) traded up $2.70 during trading hours on Tuesday, reaching $83.75. The company’s stock had a trading volume of 56,719 shares, compared to its average volume of 327,964. Trinseo has a 1 year low of $57.70 and a 1 year high of $85.35. The company has a quick ratio of 1.78, a current ratio of 2.59 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $3,542.26, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 0.97 and a beta of 2.31.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Monday, January 8th. Trinseo’s payout ratio is 22.54%.
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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.
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