Trinseo (TSE) Updates FY 2018 Earnings Guidance

Trinseo (NYSE:TSE) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $7.96-8.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.88. Trinseo also updated its Q4 guidance to $1.27-1.46 EPS.

Shares of Trinseo stock traded down $1.96 during trading on Friday, hitting $55.77. 796,535 shares of the stock were exchanged, compared to its average volume of 484,827. The firm has a market capitalization of $2.54 billion, a PE ratio of 6.86, a P/E/G ratio of 0.56 and a beta of 2.50. Trinseo has a 1-year low of $50.20 and a 1-year high of $85.35. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.87 and a quick ratio of 2.01.

Trinseo (NYSE:TSE) last announced its earnings results on Thursday, November 8th. The basic materials company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.80 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Trinseo had a net margin of 8.11% and a return on equity of 59.09%. Trinseo’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.18 EPS. As a group, analysts expect that Trinseo will post 8.86 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 24th. Investors of record on Wednesday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Tuesday, October 9th. Trinseo’s payout ratio is 19.68%.

Several brokerages recently commented on TSE. Zacks Investment Research raised shares of Trinseo from a hold rating to a strong-buy rating and set a $90.00 target price for the company in a report on Thursday, August 9th. Citigroup reduced their target price on shares of Trinseo from $80.00 to $76.00 and set a neutral rating for the company in a report on Wednesday, October 10th. ValuEngine raised shares of Trinseo from a sell rating to a hold rating in a report on Tuesday, July 31st. MED reaffirmed a buy rating and set a $90.00 target price on shares of Trinseo in a report on Thursday, August 2nd. Finally, Barclays reduced their target price on shares of Trinseo from $88.00 to $71.00 and set an equal weight rating for the company in a report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $85.57.

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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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Earnings History and Estimates for Trinseo (NYSE:TSE)

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