Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Trinseo (TSE) Stock Price
News coverage about Trinseo (NYSE:TSE) has been trending somewhat positive on Thursday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Trinseo earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 46.448090911887 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Trinseo (NYSE:TSE) opened at 69.25 on Thursday. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 9.81 and a beta of 2.37. Trinseo has a 12-month low of $44.70 and a 12-month high of $72.60. The stock has a 50 day moving average price of $66.01 and a 200-day moving average price of $66.09.
Trinseo (NYSE:TSE) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.41). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.30 EPS. On average, analysts predict that Trinseo will post $6.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a $0.36 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.44 annualized dividend and a dividend yield of 2.08%. Trinseo’s payout ratio is currently 20.34%.
Trinseo announced that its board has authorized a stock repurchase 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
TSE has been the topic of several recent research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $82.00 price target on shares of Trinseo in a report on Friday, June 16th. BidaskClub upgraded Trinseo from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Citigroup Inc. raised their target price on Trinseo from $67.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded 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. Finally, Barclays PLC dropped their target price on Trinseo from $75.00 to $73.00 and set an “equal weight” rating on the stock in a report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $75.80.
In related news, insider Timothy M. Stedman sold 5,399 shares of the company’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 value of $363,784.62. Following the sale, the insider now owns 18,298 shares in the company, valued at approximately $1,232,919.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey J. Cote sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $65.01, for a total value of $325,050.00. Following the completion of the sale, the director now owns 15,640 shares in the company, valued at approximately $1,016,756.40. The disclosure for this sale can be found here. Insiders sold a total of 60,399 shares of company stock worth $4,177,335 in the last 90 days. 0.65% of the stock is currently owned by company insiders.
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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