Trinseo S.A. (NYSE:TSE) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $6.40-6.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.63. Trinseo also updated its Q3 guidance to $1.10-1.28 EPS.
A number of research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Trinseo from a hold rating to a sell rating in a research report on Monday. Zacks Investment Research raised shares of Trinseo from a hold rating to a strong-buy rating and set a $82.00 price objective on the stock in a research report on Friday, July 21st. Citigroup Inc. lifted their price objective on shares of Trinseo from $67.00 to $70.00 and gave the stock a neutral rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $82.00 price objective on shares of Trinseo in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $72.25.
Shares of Trinseo S.A. (NYSE:TSE) traded down 1.60% on Friday, hitting $64.45. 1,406,399 shares of the stock were exchanged. The stock has a market cap of $2.83 billion, a PE ratio of 9.13 and a beta of 2.38. The company’s 50 day moving average is $68.23 and its 200-day moving average is $67.12. Trinseo S.A. has a 52-week low of $44.70 and a 52-week high of $72.60.
Trinseo (NYSE:TSE) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by $0.41. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.08 billion. Trinseo had a net margin of 7.88% and a return on equity of 70.37%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business earned $2.30 EPS. Analysts predict that Trinseo S.A. will post $7.49 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 2.20%. This is a boost from Trinseo’s previous quarterly dividend of $0.30. Trinseo’s dividend payout ratio (DPR) is presently 20.34%.
Trinseo announced that its board has authorized a share repurchase program on Thursday, June 22nd that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
In other Trinseo news, insider Christopher D. Pappas sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $67.24, for a total transaction of $1,344,800.00. Following the sale, the insider now owns 260,240 shares of the company’s stock, valued at $17,498,537.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher D. Pappas sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $69.49, for a total transaction of $1,737,250.00. Following the sale, the insider now directly owns 265,240 shares in the company, valued at approximately $18,431,527.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,000 shares of company stock worth $4,362,050. 0.65% of the stock is owned by corporate insiders.
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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.
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