Trinseo S.A. (NYSE:TSE) posted its earnings results on Thursday. The basic materials company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.04), Bloomberg Earnings reports. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 EPS. Trinseo updated its Q4 guidance to $1.53-1.71 EPS.

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 (DPR) is currently 20.34%.

In other Trinseo news, insider Timothy M. Stedman sold 5,399 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $67.38, for a total value of $363,784.62. Following the sale, the insider now owns 18,298 shares of the company’s stock, valued at approximately $1,232,919.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher D. Pappas sold 25,000 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 265,240 shares in the company, valued at approximately $18,168,940. The disclosure for this sale can be found here. In the last three months, insiders sold 35,399 shares of company stock worth $2,401,335. Insiders own 0.26% of the company’s stock.

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TSE has been the topic of a number of research reports. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 target price on the stock in a research note on Friday, July 21st. Alembic Global Advisors reaffirmed a “buy” rating on shares of Trinseo in a research note on Tuesday, September 5th. ValuEngine raised shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Citigroup Inc. boosted their price objective 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, Deutsche Bank AG reissued a “buy” rating and issued a $74.00 price objective (up previously from $72.00) on shares of Trinseo in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Trinseo currently has an average rating of “Buy” and an average price target of $74.80.

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.

Earnings History for Trinseo (NYSE:TSE)

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