Trinseo S.A. (TSE) Issues Q3 Earnings Guidance

Trinseo S.A. (NYSE:TSE) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $2.15-2.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.40. Trinseo also updated its FY17 guidance to $7.59-7.77 EPS.

A number of research analysts have weighed in on the company. BidaskClub upgraded Trinseo from a hold rating to a buy rating in a report on Wednesday, July 5th. 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. Jefferies Group LLC reiterated a buy rating and set a $82.00 target price on shares of Trinseo in a report on Friday, October 6th. ValuEngine upgraded Trinseo from a buy rating to a strong-buy rating in a report on Friday, September 1st. Finally, Alembic Global Advisors reiterated a buy rating on shares of Trinseo in a report on Tuesday, September 5th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $74.80.

Trinseo S.A. (NYSE:TSE) opened at 67.60 on Friday. The stock has a market cap of $2.96 billion, a P/E ratio of 9.58 and a beta of 2.37. The firm’s 50 day moving average price is $67.31 and its 200-day moving average price is $66.14. Trinseo S.A. has a 12-month low of $44.70 and a 12-month high of $72.60.

Trinseo (NYSE:TSE) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.41). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned $2.30 EPS. Equities research analysts anticipate that Trinseo S.A. will post $6.89 earnings per share for the current fiscal year.

The firm also recently disclosed 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. This represents a $1.44 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, October 6th. Trinseo’s dividend payout ratio (DPR) is 20.34%.

Trinseo declared that its Board of Directors has approved a share repurchase program on Thursday, June 22nd that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

In other Trinseo 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 transaction, the director now directly owns 15,640 shares of the company’s stock, valued at $1,016,756.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher D. Pappas sold 25,000 shares of Trinseo stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $68.50, for a total transaction of $1,712,500.00. Following the completion of the transaction, the insider now directly owns 265,240 shares in the company, valued at $18,168,940. The disclosure for this sale can be found here. Insiders sold 60,399 shares of company stock worth $4,177,335 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

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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.

Earnings History and Estimates for Trinseo (NYSE:TSE)

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