According to Zacks, “Trinseo S.A. is a global materials company and manufacturer of plastics, latex and rubber. The Company’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Its major products include styrene-butadiene latex, styrene-acrylate latex, solution styrene-butadiene rubber, lithium polybutadiene rubber, emulsion styrene-butadiene rubber, nickel polybutadiene rubber, polystyrene, expandable polystyrene, acrylonitrile-butadiene-styrene, styrene-acrylonitrile, ignition resistant polystyrene, polycarbonate resins, compounds and blends, and polypropylene compounds. Trinseo S.A. is based in Berwyn, Pennsylvania. “
TSE has been the topic of a number of other research reports. Citigroup reduced their target price on Trinseo from $20.00 to $19.00 and set a neutral rating on the stock in a research note on Friday, May 8th. Morgan Stanley lowered Trinseo from an equal weight rating to an underweight rating and reduced their target price for the company from $19.00 to $14.00 in a research note on Thursday, May 28th. ValuEngine raised Trinseo from a hold rating to a buy rating in a research note on Monday, June 1st. Barclays reduced their target price on Trinseo from $34.00 to $22.00 and set an equal weight rating on the stock in a research note on Monday, May 11th. Finally, Deutsche Bank reduced their price target on Trinseo from $22.00 to $21.00 and set a hold rating on the stock in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $23.50.
Shares of NYSE:TSE opened at $21.85 on Friday. The business’s 50 day simple moving average is $21.18 and its 200-day simple moving average is $25.14. The firm has a market capitalization of $817.93 million, a price-to-earnings ratio of 49.66 and a beta of 1.75. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.99 and a quick ratio of 2.14. Trinseo has a 12 month low of $14.16 and a 12 month high of $50.14.
Trinseo (NYSE:TSE) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.17. Trinseo had a return on equity of 13.41% and a net margin of 0.55%. The firm had revenue of $853.50 million for the quarter, compared to analyst estimates of $930.44 million. During the same quarter in the prior year, the company earned $1.09 EPS. Trinseo’s revenue was down 15.8% on a year-over-year basis. On average, equities analysts anticipate that Trinseo will post -1.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 9th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date is Wednesday, July 8th. Trinseo’s dividend payout ratio is presently 51.12%.
In other news, major shareholder M&G Investment Management Ltd sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $23.14, for a total transaction of $462,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Teza Capital Management LLC acquired a new stake in shares of Trinseo during the 4th quarter worth $388,000. Victory Capital Management Inc. increased its holdings in shares of Trinseo by 26.3% during the 4th quarter. Victory Capital Management Inc. now owns 109,104 shares of the basic materials company’s stock worth $4,060,000 after buying an additional 22,692 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Trinseo by 3.0% during the 1st quarter. Acadian Asset Management LLC now owns 63,692 shares of the basic materials company’s stock worth $1,154,000 after buying an additional 1,858 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Trinseo during the 4th quarter worth $2,597,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Trinseo during the 4th quarter worth $182,000. Institutional investors and hedge funds own 99.91% of the company’s stock.
Trinseo Company Profile
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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