Zacks: Brokerages Anticipate Trinseo S.A. (TSE) to Announce $2.18 EPS

Wall Street analysts predict that Trinseo S.A. (NYSE:TSE) will announce earnings per share of $2.18 for the current quarter, Zacks reports. Zero analysts have provided estimates for Trinseo’s earnings, with the highest EPS estimate coming in at $2.22 and the lowest estimate coming in at $2.14. Trinseo posted earnings of $1.39 per share during the same quarter last year, which would indicate a positive year over year growth rate of 56.8%. The company is expected to announce its next earnings results on Thursday, November 1st.

On average, analysts expect that Trinseo will report full year earnings of $9.31 per share for the current fiscal year, with EPS estimates ranging from $9.22 to $9.40. For the next financial year, analysts forecast that the firm will report earnings of $10.27 per share, with EPS estimates ranging from $9.97 to $10.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Trinseo.

Trinseo (NYSE:TSE) last announced its quarterly earnings data on Thursday, August 2nd. The basic materials company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.22. Trinseo had a net margin of 8.11% and a return on equity of 59.09%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $1.39 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis.

A number of brokerages recently weighed in on TSE. Zacks Investment Research upgraded shares of Trinseo from a “hold” rating to a “strong-buy” rating and set a $90.00 price objective for the company in a report on Thursday. ValuEngine upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. MED restated a “buy” rating and issued a $90.00 price objective on shares of Trinseo in a report on Thursday, August 2nd. Finally, Deutsche Bank decreased their price objective on shares of Trinseo from $96.00 to $85.00 and set a “buy” rating for the company in a report on Friday, May 4th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $89.00.

NYSE TSE traded down $1.55 during mid-day trading on Monday, reaching $75.35. The stock had a trading volume of 4,175 shares, compared to its average volume of 272,259. Trinseo has a 1 year low of $58.05 and a 1 year high of $85.35. The firm has a market cap of $3.28 billion, a P/E ratio of 9.29, a PEG ratio of 0.69 and a beta of 2.24. The company has a quick ratio of 1.81, a current ratio of 2.87 and a debt-to-equity ratio of 1.45.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 25th. Shareholders of record on Wednesday, July 11th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, July 10th. This is a positive change from Trinseo’s previous quarterly dividend of $0.36. This represents a $1.60 dividend on an annualized basis and a yield of 2.12%. Trinseo’s payout ratio is currently 19.68%.

In other Trinseo news, insider David Phillip Stasse sold 6,613 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $76.72, for a total transaction of $507,349.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Catherine C. Keenan sold 1,643 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $77.95, for a total transaction of $128,071.85. Following the sale, the insider now owns 6,534 shares of the company’s stock, valued at $509,325.30. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. First Midwest Bank Trust Division increased its stake in shares of Trinseo by 13.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 5,899 shares of the basic materials company’s stock worth $419,000 after purchasing an additional 688 shares in the last quarter. Rothschild Asset Management Inc. increased its stake in shares of Trinseo by 0.3% in the 2nd quarter. Rothschild Asset Management Inc. now owns 277,099 shares of the basic materials company’s stock worth $19,660,000 after purchasing an additional 821 shares in the last quarter. Bailard Inc. increased its stake in shares of Trinseo by 2.0% in the 1st quarter. Bailard Inc. now owns 44,198 shares of the basic materials company’s stock worth $3,273,000 after purchasing an additional 868 shares in the last quarter. Aperio Group LLC increased its stake in shares of Trinseo by 7.7% in the 2nd quarter. Aperio Group LLC now owns 13,268 shares of the basic materials company’s stock worth $941,000 after purchasing an additional 953 shares in the last quarter. Finally, Smith Asset Management Group LP increased its stake in shares of Trinseo by 11.0% in the 2nd quarter. Smith Asset Management Group LP now owns 9,744 shares of the basic materials company’s stock worth $691,000 after purchasing an additional 969 shares in the last quarter. Institutional investors and hedge funds own 99.20% 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 Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.

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