Brokerages expect Trinseo S.A. (NYSE:TSE) to post earnings per share (EPS) of $2.14 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Trinseo’s earnings. Trinseo reported earnings per share of $1.39 during the same quarter last year, which would suggest a positive year-over-year growth rate of 54%. The firm is expected to announce its next earnings report on Thursday, November 1st.
According to Zacks, analysts expect that Trinseo will report full-year earnings of $9.31 per share for the current financial year, with EPS estimates ranging from $9.22 to $9.40. For the next year, analysts expect that the company will post earnings of $10.27 per share, with EPS estimates ranging from $9.97 to $10.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Trinseo.
Trinseo (NYSE:TSE) last posted its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $2.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.22. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. Trinseo had a net margin of 8.11% and a return on equity of 59.09%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 earnings per share.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Trinseo from a “hold” rating to a “strong-buy” rating and set a $90.00 price target for the company in a research report on Thursday, August 9th. ValuEngine upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, MED reiterated a “buy” rating and set a $90.00 target price on shares of Trinseo in a research report on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $89.00.
In other Trinseo news, insider Catherine C. Keenan sold 1,643 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $77.95, for a total transaction of $128,071.85. Following the completion of the transaction, the insider now owns 6,534 shares in the company, valued at $509,325.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of TSE. First Midwest Bank Trust Division boosted its position in shares of Trinseo by 13.2% in the second quarter. First Midwest Bank Trust Division now owns 5,899 shares of the basic materials company’s stock valued at $419,000 after acquiring an additional 688 shares during the period. Rothschild Asset Management Inc. boosted its position in shares of Trinseo by 0.3% in the second quarter. Rothschild Asset Management Inc. now owns 277,099 shares of the basic materials company’s stock valued at $19,660,000 after acquiring an additional 821 shares during the period. Aperio Group LLC boosted its position in shares of Trinseo by 7.7% in the second quarter. Aperio Group LLC now owns 13,268 shares of the basic materials company’s stock valued at $941,000 after acquiring an additional 953 shares during the period. Smith Asset Management Group LP boosted its position in shares of Trinseo by 11.0% in the second quarter. Smith Asset Management Group LP now owns 9,744 shares of the basic materials company’s stock valued at $691,000 after acquiring an additional 969 shares during the period. Finally, Wilen Investment Management CORP. boosted its position in shares of Trinseo by 34.8% in the second quarter. Wilen Investment Management CORP. now owns 3,773 shares of the basic materials company’s stock valued at $287,000 after acquiring an additional 973 shares during the period. Hedge funds and other institutional investors own 96.58% of the company’s stock.
TSE traded up $0.25 during trading on Friday, hitting $78.00. 1,461 shares of the company traded hands, compared to its average volume of 243,471. The firm has a market cap of $3.34 billion, a P/E ratio of 9.61, a PEG ratio of 0.70 and a beta of 2.21. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.01 and a current ratio of 2.87. Trinseo has a one year low of $65.90 and a one year high of $85.35.
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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