Trinseo S.A. (NYSE:TSE) – Equities research analysts at Jefferies Financial Group lowered their Q1 2020 EPS estimates for Trinseo in a research note issued to investors on Wednesday, November 6th. Jefferies Financial Group analyst L. Alexander now forecasts that the basic materials company will post earnings per share of $0.80 for the quarter, down from their previous forecast of $0.90. Jefferies Financial Group also issued estimates for Trinseo’s Q3 2020 earnings at $1.37 EPS, Q4 2020 earnings at $1.53 EPS, FY2020 earnings at $4.95 EPS and FY2021 earnings at $7.35 EPS.
Several other brokerages have also commented on TSE. ValuEngine raised shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley cut their price target on shares of Trinseo from $49.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. Goldman Sachs Group downgraded shares of Trinseo from a “neutral” rating to a “sell” rating in a report on Wednesday, July 17th. Zacks Investment Research upgraded shares of Trinseo from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Barclays set a $40.00 price target on shares of Trinseo and gave the stock a “hold” rating in a report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $48.57.
Shares of Trinseo stock traded down $1.37 during midday trading on Friday, hitting $45.99. The company had a trading volume of 427,154 shares, compared to its average volume of 450,287. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 1.14 and a beta of 1.99. The company has a quick ratio of 2.04, a current ratio of 2.89 and a debt-to-equity ratio of 1.70. The company has a fifty day simple moving average of $43.00 and a 200 day simple moving average of $39.87. Trinseo has a 12-month low of $27.36 and a 12-month high of $57.10.
Trinseo (NYSE:TSE) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.06). Trinseo had a return on equity of 16.55% and a net margin of 2.16%. The business had revenue of $922.10 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company earned $1.83 earnings per share. The firm’s revenue was down 23.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $1.60 annualized dividend and a yield of 3.48%. Trinseo’s dividend payout ratio (DPR) is presently 22.07%.
In other news, insider Frank A. Bozich acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $28.97 per share, with a total value of $434,550.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in shares of Trinseo during the 3rd quarter worth approximately $25,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Trinseo during the 3rd quarter worth approximately $33,000. Cerebellum GP LLC acquired a new stake in shares of Trinseo during the 3rd quarter worth approximately $36,000. Point72 Asset Management L.P. acquired a new stake in shares of Trinseo during the 2nd quarter worth approximately $42,000. Finally, LS Investment Advisors LLC acquired a new stake in shares of Trinseo during the 3rd quarter worth approximately $51,000. 99.43% of the stock is currently owned by institutional investors and hedge funds.
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 six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.
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