Trinseo S.A. (NYSE:TSE) – Equities research analysts at Jefferies Financial Group cut their Q4 2018 earnings per share (EPS) estimates for shares of Trinseo in a report released on Monday, November 12th, Zacks Investment Research reports. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will post earnings of $1.35 per share for the quarter, down from their previous forecast of $1.94. Jefferies Financial Group currently has a “Hold” rating and a $55.00 target price on the stock. Jefferies Financial Group also issued estimates for Trinseo’s FY2019 earnings at $8.85 EPS.

A number of other equities analysts have also recently commented on the company. Citigroup upgraded Trinseo from a “neutral” rating to a “buy” rating in a report on Thursday, November 15th. Tudor Pickering cut Trinseo from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a report on Tuesday, November 13th. Alembic Global Advisors set a $75.00 price objective on Trinseo and gave the company a “buy” rating in a report on Monday, November 12th. Barclays dropped their price objective on Trinseo from $71.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, November 12th. Finally, Zacks Investment Research cut Trinseo from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $73.33.

Shares of Trinseo stock traded down $3.24 on Wednesday, reaching $46.41. The company had a trading volume of 567,434 shares, compared to its average volume of 588,751. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 5.71, a price-to-earnings-growth ratio of 0.50 and a beta of 2.47. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.93 and a current ratio of 2.86. Trinseo has a 1 year low of $44.06 and a 1 year high of $85.35.

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 Zacks’ consensus estimate of $1.80 by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Trinseo had a return on equity of 52.61% and a net margin of 8.82%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 9th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Tuesday, January 8th. Trinseo’s payout ratio is currently 19.68%.

In other news, Director Stephen M. Zide bought 20,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was acquired at an average cost of $51.17 per share, with a total value of $1,023,400.00. Following the transaction, the director now directly owns 18,578 shares in the company, valued at approximately $950,636.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen M. Zide bought 10,208 shares of the firm’s stock in a transaction on Friday, November 30th. The shares were purchased at an average cost of $50.12 per share, with a total value of $511,624.96. Following the completion of the transaction, the director now owns 18,578 shares in the company, valued at $931,129.36. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace North America L.P. bought a new stake in Trinseo during the 3rd quarter valued at $200,000. Vanguard Group Inc. raised its position in Trinseo by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,074,965 shares of the basic materials company’s stock valued at $84,170,000 after purchasing an additional 39,453 shares in the last quarter. Morgan Stanley raised its position in shares of Trinseo by 2.7% in the 3rd quarter. Morgan Stanley now owns 224,933 shares of the basic materials company’s stock worth $17,613,000 after acquiring an additional 5,821 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Trinseo in the 3rd quarter worth $11,047,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of Trinseo by 26.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 223,636 shares of the basic materials company’s stock worth $17,511,000 after acquiring an additional 46,135 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

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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