Jefferies Group Analysts Lower Earnings Estimates for Trinseo S.A. (TSE)
Trinseo S.A. (NYSE:TSE) – Jefferies Group lowered their Q3 2017 EPS estimates for shares of Trinseo in a report issued on Wednesday. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will post earnings per share of $1.18 for the quarter, down from their previous forecast of $2.00. Jefferies Group currently has a “Buy” rating and a $82.00 price objective on the stock. Jefferies Group also issued estimates for Trinseo’s Q4 2017 earnings at $1.57 EPS, FY2017 earnings at $6.55 EPS, FY2018 earnings at $8.15 EPS and FY2019 earnings at $8.80 EPS.
A number of other research firms also recently weighed in on TSE. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 price target on the stock in a research report on Friday, July 21st. BidaskClub upgraded Trinseo from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Barclays PLC lowered their price target on Trinseo from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Citigroup Inc. raised their price target on Trinseo from $67.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $76.75.
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Shares of Trinseo (NYSE TSE) opened at 64.45 on Monday. Trinseo has a 12 month low of $44.70 and a 12 month high of $72.60. The company’s 50-day moving average price is $68.23 and its 200-day moving average price is $67.12. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 9.13 and a beta of 2.38.
Trinseo (NYSE:TSE) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by $0.41. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.08 billion. Trinseo had a return on equity of 70.37% and a net margin of 7.88%. The company’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.30 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its position in Trinseo by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,811 shares of the basic materials company’s stock valued at $468,000 after buying an additional 18 shares in the last quarter. Teacher Retirement System of Texas increased its position in Trinseo by 2.3% in the second quarter. Teacher Retirement System of Texas now owns 3,613 shares of the basic materials company’s stock valued at $248,000 after buying an additional 81 shares in the last quarter. Ronald Blue & Co. LLC increased its position in Trinseo by 5.2% in the second quarter. Ronald Blue & Co. LLC now owns 3,206 shares of the basic materials company’s stock valued at $220,000 after buying an additional 158 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Trinseo by 5.6% in the first quarter. Envestnet Asset Management Inc. now owns 4,004 shares of the basic materials company’s stock valued at $269,000 after buying an additional 213 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in Trinseo by 0.4% in the first quarter. Teachers Advisors LLC now owns 64,832 shares of the basic materials company’s stock valued at $4,350,000 after buying an additional 245 shares in the last quarter.
In other Trinseo news, insider Christopher D. Pappas sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $67.24, for a total transaction of $1,344,800.00. Following the sale, the insider now owns 260,240 shares in the company, valued at $17,498,537.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher D. Pappas sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $71.04, for a total value of $1,776,000.00. Following 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. Insiders have sold 90,000 shares of company stock worth $6,138,050 in the last 90 days. Company insiders own 0.65% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were given a dividend of $0.36 per share. This is an increase from Trinseo’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 2.23%. Trinseo’s dividend payout ratio (DPR) is presently 20.34%.
Trinseo declared that its board has approved a stock buyback program on Thursday, June 22nd that authorizes the company to repurchase 2,000,000 outstanding shares. This repurchase authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
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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