Trinseo SA (tse) Announces $0.30 Quarterly Dividend
Trinseo SA (NYSE:tse) announced a quarterly dividend on Wednesday, September 28th. Investors of record on Wednesday, October 12th will be given a dividend of 0.30 per share on Wednesday, October 26th. This represents a $1.20 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Friday, October 7th.
Shares of Trinseo SA (NYSE:TSE) opened at 58.11 on Thursday. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 10.60 and a beta of 2.44. The company’s 50-day moving average price is $55.87 and its 200 day moving average price is $47.20. Trinseo SA has a 12-month low of $21.92 and a 12-month high of $60.02.
Trinseo SA (NYSE:TSE) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.65. Trinseo SA had a net margin of 7.07% and a return on equity of 73.14%. During the same period in the prior year, the company earned $1.61 earnings per share. Equities analysts predict that Trinseo SA will post $7.15 earnings per share for the current year.
In other news, Director Ruth Springham sold 10,669,567 shares of the stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $54.05, for a total transaction of $576,690,096.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.45% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. KCG Holdings Inc. purchased a new stake in Trinseo SA during the second quarter worth approximately $222,000. Quadrature Capital Ltd purchased a new stake in Trinseo SA during the second quarter worth approximately $429,000. BlackRock Inc. boosted its stake in Trinseo SA by 845.4% in the second quarter. BlackRock Inc. now owns 12,706 shares of the company’s stock worth $545,000 after buying an additional 11,362 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Trinseo SA during the second quarter worth approximately $657,000. Finally, American International Group Inc. boosted its stake in Trinseo SA by 146.6% in the second quarter. American International Group Inc. now owns 16,549 shares of the company’s stock worth $710,000 after buying an additional 9,838 shares during the last quarter.
A number of equities analysts recently issued reports on the stock. Morgan Stanley reissued a “hold” rating and issued a $48.00 price target on shares of Trinseo SA in a research note on Thursday, June 16th. Citigroup Inc. increased their price target on shares of Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Trinseo SA in a research note on Wednesday, June 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $47.57.
Trinseo SA Company Profile
Trinseo SA is a materials company. The Company operates under two divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division’s segments include Synthetic Rubber, Latex and Performance Plastics. The Latex segment produces styrene-butadiene latex (SB latex) for coated paper and packaging board, carpet and artificial turf backings, as well as a number of performance latex applications.
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