Analysts Expect Trinseo SA (NYSE: TSE) to Report Earnings Per Share of $ 2.29
Wall Street analysts predict that Trinseo SA (NYSE: TSE) will post earnings per share (EPS) of $ 2.29 for the current quarter, according to Zacks Investment Research. Analysts of Zero provided earnings estimates for Trinseo, with the highest EPS estimate being $ 2.31 and the lowest estimate being $ 2.27. Trinseo posted earnings of $ 2.87 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 20.2%. The company is expected to release its next quarterly results on Thursday, November 4.
According to Zacks, analysts expect Trinseo to report annual earnings of $ 9.60 per share for the current fiscal year. For next year, analysts predict the company will post earnings of $ 6.38 per share, with EPS estimates ranging from $ 5.90 to $ 6.85. Zacks Investment Research earnings per share averages are an average based on a survey of sell-side analysts covering Trinseo.
Trinseo (NYSE: TSE) last released its quarterly results on Wednesday, August 4. The basic materials company reported EPS of $ 3.70 for the quarter, beating the Zacks consensus estimate of $ 2.84 by $ 0.86. The company posted revenue of $ 1.27 billion for the quarter, compared to analysts’ estimates of $ 1.17 billion. Trinseo had a net margin of 9.94% and a return on equity of 69.20%. The company’s revenue for the quarter increased 138.4% year-over-year. In the same quarter of last year, the company made earnings per share ($ 2.95).
Several equity research analysts recently published reports on Toronto Stock Exchange shares. Citigroup lowered its price target on Trinseo shares from $ 64.00 to $ 57.00 and set a “neutral” rating for the company in a research note on Friday, August 6. Zacks Investment Research downgraded Trinseo shares from a “hold” rating to a “strong sell” rating in a report released on Wednesday, September 22. Tudor Pickering downgraded Trinseo shares from a “hold” rating to a “buy” rating and set a target price of $ 72.00 on the stock in a research note on Wednesday, July 21. Alembic Global Advisors reissued a “buy” note and issued a target price of $ 70.00 on Trinseo shares in a research note on Monday, September 13. Finally, TD Securities upgraded Trinseo shares from a “hold” rating to a “buy” rating and set a price target of $ 72.00 on the stock in a research report released on Wednesday, July 21. . An equity research analyst rated the stock with a sell rating, three issued a conservation rating, and four issued a buy rating for the company. According to MarketBeat.com, the company currently has an average “Hold” rating and an average target price of $ 57.67.
NYSE: TSE shares opened at $ 55.70 on Tuesday. The company has a fifty-day moving average of $ 50.86 and a two-hundred-day moving average of $ 58.97. The company has a market cap of $ 2.16 billion, a P / E ratio of 5.52 and a beta of 1.60. Trinseo has a 12 month low of $ 24.92 and a 12 month high of $ 76.49. The company has a quick ratio of 1.90, a current ratio of 2.59, and a debt ratio of 2.78.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 7. Investors of record on Friday, October 1 will receive a dividend of $ 0.32 per share. This represents a dividend of $ 1.28 on an annualized basis and a return of 2.30%. This is a positive change from Trinseo’s previous quarterly dividend of $ 0.08. The ex-dividend date of this dividend is Thursday, September 30. Trinseo’s dividend payout ratio (DPR) is currently 15.61%.
Separately, director Matthew Farrell bought 5,000 shares of the company in a trade on Wednesday, September 15. The shares were purchased at an average cost of $ 48.53 per share, for a total value of $ 242,650.00. Following the acquisition, the Director now directly owns 19,260 shares of the company, valued at $ 934,687.80. The purchase was disclosed in a file with the SEC, which is available through this hyperlink. 2.20% of the shares are held by insiders of the company.
Several hedge funds and other institutional investors recently changed their holdings to TSE. FMR LLC increased its stake in Trinseo by 48.7% during the 2nd quarter. FMR LLC now owns 987,056 shares of the basic materials company valued at $ 59,065,000 after purchasing an additional 323,381 shares last quarter. BlackRock Inc. increased its position in Trinseo shares by 4.3% in the first quarter. BlackRock Inc. now owns 6,771,870 shares of the basic materials company valued at $ 431,167,000 after purchasing an additional 278,347 shares during the period. Vanguard Group Inc. increased its position in Trinseo shares by 14.3% during the second quarter. Vanguard Group Inc. now owns 1,806,707 shares of the basic materials company valued at $ 108,114,000 after purchasing an additional 225,967 shares during the period. Prudential Financial Inc. increased its position in Trinseo shares by 95.6% during the first quarter. Prudential Financial Inc. now owns 387,921 shares of the basic materials company valued at $ 24,699,000 after purchasing an additional 189,620 shares during the period. Finally, Federated Hermes Inc. increased its position in Trinseo shares by 97.7% in the first quarter. Federated Hermes Inc. now owns 319,129 shares of the basic materials company valued at $ 20,319,000 after purchasing an additional 157,695 shares during the last quarter. Hedge funds and other institutional investors hold 91.84% of the company’s shares.
Trinseo Company Profile
Trinseo SA is engaged in the manufacture and marketing of synthetic rubber, latex binders and plastics. It operates in the following segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Raw Materials, Americas Styrene and Corporate. The Latex Binders segment produces styrene-butadiene latex and other latex polymers and binders, primarily for coated paper and packaging board, carpets and artificial turf substrates.
Featured article: S & P / ASX 200 Index
Get a Free Copy of Zacks’ Trinseo Research Report (TSE)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Trinseo now?
Before you consider Trinseo, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and Trinseo was not on the list.
While Trinseo currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here