Brokerages Anticipate Trinseo S.A. (NYSE:TSE) to Post $1.88 Earnings Per Share

Equities research analysts expect Trinseo S.A. (NYSE:TSE) to announce earnings per share (EPS) of $1.88 for the current quarter, Zacks reports. Zero analysts have provided estimates for Trinseo’s earnings, with estimates ranging from $1.71 to $2.05. Trinseo reported earnings of $2.40 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 21.7%. The business is scheduled to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Trinseo will report full year earnings of $6.51 per share for the current financial year, with EPS estimates ranging from $6.20 to $6.74. For the next financial year, analysts forecast that the business will report earnings of $7.54 per share, with EPS estimates ranging from $7.10 to $7.85. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Trinseo.

Trinseo (NYSE:TSE) last announced its earnings results on Thursday, May 2nd. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.09 billion. Trinseo had a return on equity of 30.47% and a net margin of 4.61%. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.76 EPS.

TSE has been the topic of a number of research analyst reports. ValuEngine upgraded Trinseo from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded Trinseo from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Deutsche Bank decreased their target price on Trinseo from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Finally, TheStreet lowered Trinseo from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.50.

NYSE TSE traded down $1.10 during trading on Friday, reaching $39.82. The company’s stock had a trading volume of 150,198 shares, compared to its average volume of 258,702. The firm has a market capitalization of $1.63 billion, a P/E ratio of 5.49, a P/E/G ratio of 0.51 and a beta of 2.09. The company has a quick ratio of 2.05, a current ratio of 2.81 and a debt-to-equity ratio of 1.61. Trinseo has a one year low of $36.65 and a one year high of $82.18.

In other news, insider Catherine C. Keenan sold 2,082 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $44.56, for a total transaction of $92,773.92. Following the transaction, the insider now directly owns 10,079 shares in the company, valued at approximately $449,120.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Catherine C. Keenan sold 12,264 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $38.17, for a total value of $468,116.88. Following the transaction, the insider now owns 15,901 shares in the company, valued at $606,941.17. The disclosure for this sale can be found here. Insiders have sold a total of 19,396 shares of company stock worth $754,861 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its holdings in Trinseo by 2.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 9,985 shares of the basic materials company’s stock valued at $457,000 after acquiring an additional 260 shares during the period. Meeder Asset Management Inc. boosted its holdings in Trinseo by 3.3% during the 1st quarter. Meeder Asset Management Inc. now owns 10,860 shares of the basic materials company’s stock valued at $493,000 after acquiring an additional 351 shares during the period. Bailard Inc. boosted its holdings in Trinseo by 1.0% during the 1st quarter. Bailard Inc. now owns 38,056 shares of the basic materials company’s stock valued at $1,724,000 after acquiring an additional 375 shares during the period. First Mercantile Trust Co. boosted its holdings in Trinseo by 11.8% during the 4th quarter. First Mercantile Trust Co. now owns 3,800 shares of the basic materials company’s stock valued at $174,000 after acquiring an additional 400 shares during the period. Finally, Comerica Bank boosted its holdings in Trinseo by 9.6% during the 1st quarter. Comerica Bank now owns 7,986 shares of the basic materials company’s stock valued at $375,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 97.06% of the company’s stock.

About Trinseo

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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Earnings History and Estimates for Trinseo (NYSE:TSE)

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