Jefferies Group Analysts Increase Earnings Estimates for Trinseo SA (TSE)
Trinseo SA (NYSE:TSE) – Jefferies Group upped their Q4 2016 EPS estimates for shares of Trinseo SA in a research note issued to investors on Tuesday. Jefferies Group analyst L. Alexander now expects that the firm will post earnings per share of $1.43 for the quarter, up from their previous estimate of $1.41.
A number of other brokerages have also issued reports on TSE. Citigroup Inc. increased their price objective on Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Deutsche Bank AG increased their price objective on Trinseo SA from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Morgan Stanley reissued a “hold” rating and issued a $48.00 price objective on shares of Trinseo SA in a report on Thursday, June 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Trinseo SA has a consensus rating of “Buy” and an average price target of $47.57.
Trinseo SA (NYSE:TSE) opened at 57.31 on Thursday. The firm has a market capitalization of $2.66 billion, a PE ratio of 10.46 and a beta of 2.44. Trinseo SA has a 12-month low of $21.92 and a 12-month high of $60.02. The stock has a 50 day moving average price of $56.05 and a 200-day moving average price of $47.27.
Trinseo SA (NYSE:TSE) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $2.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.65. Trinseo SA had a return on equity of 73.14% and a net margin of 7.07%. During the same period in the previous year, the business earned $1.61 earnings per share.
A number of institutional investors have recently modified their holdings of the stock. Virginia Retirement System purchased a new position in shares of Trinseo SA during the first quarter worth about $1,185,000. Bowling Portfolio Management LLC purchased a new position in shares of Trinseo SA during the first quarter worth about $211,000. Teachers Advisors Inc. raised its position in shares of Trinseo SA by 7.4% in the first quarter. Teachers Advisors Inc. now owns 194,742 shares of the company’s stock worth $7,168,000 after buying an additional 13,466 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Trinseo SA during the first quarter worth about $243,000. Finally, State Street Corp raised its position in shares of Trinseo SA by 3.0% in the first quarter. State Street Corp now owns 170,967 shares of the company’s stock worth $6,296,000 after buying an additional 4,926 shares during the last quarter.
In other Trinseo SA news, Director Ruth Springham sold 10,669,567 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $54.05, for a total transaction of $576,690,096.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.45% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Friday, October 7th. Trinseo SA’s payout ratio is currently 21.82%.
About Trinseo SA
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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