Trinseo S.A. Forecasted to Earn Q4 2017 Earnings of $1.61 Per Share (TSE)
Trinseo S.A. (NYSE:TSE) – Equities researchers at Jefferies Group decreased their Q4 2017 earnings estimates for Trinseo in a research report issued to clients and investors on Monday. Jefferies Group analyst L. Alexander now expects that the basic materials company will post earnings per share of $1.61 for the quarter, down from their previous estimate of $1.74. Jefferies Group currently has a “Buy” rating and a $85.00 target price on the stock. Jefferies Group also issued estimates for Trinseo’s FY2018 earnings at $8.00 EPS and FY2019 earnings at $9.35 EPS.
Trinseo (NYSE:TSE) last announced its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by ($0.04). Trinseo had a net margin of 6.78% and a return on equity of 67.62%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis.
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TSE has been the subject of a number of other research reports. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday, October 11th. Citigroup Inc. decreased their target price on shares of Trinseo from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, August 7th. BidaskClub lowered shares of Trinseo from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Barclays PLC decreased their target price on shares of Trinseo from $75.00 to $73.00 and set an “equal weight” rating for the company in a research note on Friday, August 4th. Finally, ValuEngine raised shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $75.40.
Shares of Trinseo (TSE) opened at $71.65 on Tuesday. The firm has a market capitalization of $3,130.00, a PE ratio of 9.44, a PEG ratio of 1.18 and a beta of 2.36. Trinseo has a 52-week low of $47.80 and a 52-week high of $73.40. The company has a current ratio of 2.88, a quick ratio of 2.03 and a debt-to-equity ratio of 2.13.
The business also recently announced 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. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, October 6th. Trinseo’s dividend payout ratio (DPR) is currently 22.57%.
In related news, Director Jeffrey J. Cote sold 5,000 shares of Trinseo stock in a transaction on Wednesday, August 30th. The shares were 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 of the company’s stock, valued at approximately $1,016,756.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timothy M. Stedman sold 5,399 shares of Trinseo stock in a transaction on Friday, September 1st. The shares were sold at an average price of $67.38, for a total transaction of $363,784.62. Following the completion of the sale, the insider now directly owns 18,298 shares of the company’s stock, valued at approximately $1,232,919.24. The disclosure for this sale can be found here. Insiders have sold a total of 35,399 shares of company stock valued at $2,401,335 in the last three months. Company insiders own 0.26% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. acquired a new stake in shares of Trinseo in the 2nd quarter valued at $103,000. Canada Pension Plan Investment Board acquired a new stake in shares of Trinseo in the 3rd quarter valued at $161,000. Royal Bank of Canada lifted its stake in shares of Trinseo by 47.7% in the 2nd quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 843 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Trinseo by 10.7% in the 2nd quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 260 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. lifted its stake in shares of Trinseo by 57.9% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,905 shares of the basic materials company’s stock valued at $200,000 after purchasing an additional 1,065 shares during the last quarter. 97.07% of the stock is owned by institutional investors and hedge funds.
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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