Trinseo (TSE) Releases FY 2019 Earnings Guidance

Trinseo (NYSE:TSE) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $5.80-7.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.56.

Several equities analysts have issued reports on TSE shares. Barclays cut their target price on Trinseo from $71.00 to $64.00 and set an equal weight rating on the stock in a research note on Monday, November 12th. Deutsche Bank lowered their price objective on Trinseo to $55.00 and set a buy rating on the stock in a research note on Wednesday, January 23rd. Citigroup raised Trinseo from a neutral rating to a buy rating in a research note on Thursday, November 15th. Zacks Investment Research upgraded Trinseo from a sell rating to a hold rating in a report on Saturday, January 26th. Finally, Alembic Global Advisors set a $75.00 price objective on Trinseo and gave the company a buy rating in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $70.00.

Shares of Trinseo stock traded up $0.96 during midday trading on Wednesday, reaching $50.19. The company had a trading volume of 280,025 shares, compared to its average volume of 382,237. Trinseo has a 1-year low of $42.10 and a 1-year high of $84.90. The firm has a market cap of $2.00 billion, a P/E ratio of 6.17, a P/E/G ratio of 0.53 and a beta of 2.12. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.86 and a quick ratio of 1.93.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, January 8th. Trinseo’s dividend payout ratio is currently 19.68%.

In other news, Director Stephen M. Zide bought 10,208 shares of the stock in a transaction dated Friday, November 30th. The stock was bought at an average price of $50.12 per share, for a total transaction of $511,624.96. Following the completion of the acquisition, the director now directly owns 18,578 shares in the company, valued at approximately $931,129.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Barry J. Niziolek acquired 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were bought at an average price of $48.48 per share, with a total value of $218,160.00. Following the acquisition, the chief financial officer now directly owns 17,011 shares of the company’s stock, valued at approximately $824,693.28. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 34,708 shares of company stock valued at $1,753,185. 1.00% of the stock is owned by corporate insiders.

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Trinseo Company Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia Pacific, and internationally. The company operates through Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.

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Earnings History and Estimates for Trinseo (NYSE:TSE)

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