Trinseo (NYSE:TSE) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $8.26-8.63 for the period, compared to the Thomson Reuters consensus estimate of $8.45. Trinseo also updated its Q1 guidance to $2.34-2.52 EPS.
Several research firms have recently commented on TSE. Zacks Investment Research raised shares of Trinseo from a hold rating to a buy rating and set a $91.00 price target for the company in a report on Thursday, March 1st. Barclays reiterated an equal weight rating and issued a $88.00 price objective (up from $85.00) on shares of Trinseo in a research report on Monday, February 26th. Citigroup lifted their price objective on shares of Trinseo from $80.00 to $83.00 and gave the company a neutral rating in a research report on Thursday, February 22nd. ValuEngine upgraded shares of Trinseo from a buy rating to a strong-buy rating in a research report on Thursday, February 22nd. Finally, Wells Fargo & Co reiterated an outperform rating and issued a $90.00 price objective (up from $86.00) on shares of Trinseo in a research report on Wednesday, February 21st. Three 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 company’s stock. The company has a consensus rating of Buy and an average target price of $90.17.
Shares of Trinseo (NYSE:TSE) traded down $1.90 during trading hours on Wednesday, reaching $80.05. 229,660 shares of the company traded hands, compared to its average volume of 358,687. The company has a market cap of $3,542.51, a P/E ratio of 10.97, a PEG ratio of 0.96 and a beta of 2.27. Trinseo has a 12-month low of $57.70 and a 12-month high of $85.35. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.81 and a current ratio of 2.63.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, April 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.80%. Trinseo’s dividend payout ratio (DPR) is 19.73%.
In other Trinseo news, insider Ryan J. Leib sold 2,974 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $80.68, for a total transaction of $239,942.32. Following the sale, the insider now directly owns 7,340 shares in the company, valued at approximately $592,191.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angelo N. Chaclas sold 7,991 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $82.10, for a total transaction of $656,061.10. Following the sale, the insider now owns 14,671 shares in the company, valued at $1,204,489.10. The disclosure for this sale can be found here. Insiders have sold a total of 44,100 shares of company stock worth $3,555,002 over the last 90 days. 0.26% of the stock is owned by insiders.
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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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