Trinseo S.A. (TSE) Updates Q4 Earnings Guidance
Trinseo S.A. (NYSE:TSE) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.53-1.71 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.70.
Trinseo (NYSE:TSE) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.41). Trinseo had a net margin of 7.88% and a return on equity of 67.05%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $2.30 earnings per share. The company’s revenue was up 18.0% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were paid 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 2.03%. Trinseo’s dividend payout ratio (DPR) is 20.34%.
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 report on Friday, July 21st. BidaskClub raised shares of Trinseo from a hold rating to a buy rating in a report on Wednesday, July 5th. Alembic Global Advisors reissued a buy rating on shares of Trinseo in a report on Tuesday, September 5th. ValuEngine raised shares of Trinseo from a buy rating to a strong-buy rating in a report on Friday, September 1st. Finally, Citigroup Inc. increased their target price on shares of Trinseo from $67.00 to $70.00 and gave the stock a neutral rating in a report on Wednesday, July 12th. Three research 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’s stock. The stock has an average rating of Buy and a consensus target price of $74.80.
In related news, Director Jeffrey J. Cote sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $65.01, for a total transaction of $325,050.00. Following the completion of the sale, the director now directly owns 15,640 shares in the company, valued at $1,016,756.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Timothy M. Stedman sold 5,399 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $67.38, for a total transaction of $363,784.62. Following the sale, the insider now owns 18,298 shares of the company’s stock, valued at $1,232,919.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,399 shares of company stock valued at $2,401,335. 0.26% of the stock is currently owned by corporate insiders.
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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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