Q3 2016 EPS Estimates for Trinseo S.A. (TSE) Raised by Jefferies Group
Trinseo S.A. (NYSE:TSE) – Equities researchers at Jefferies Group raised their Q3 2016 earnings per share (EPS) estimates for Trinseo in a research note issued to investors on Tuesday. Jefferies Group analyst L. Alexander now forecasts that the brokerage will earn $1.75 per share for the quarter, up from their previous forecast of $1.66. Jefferies Group also issued estimates for Trinseo’s FY2016 earnings at $7.10 EPS, FY2017 earnings at $8.05 EPS, FY2018 earnings at $8.90 EPS, FY2019 earnings at $9.80 EPS and FY2020 earnings at $10.75 EPS.
Other equities analysts have also issued research reports about the stock. Citigroup Inc. boosted their price objective on shares of Trinseo from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Deutsche Bank AG boosted their price objective on shares of Trinseo from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Morgan Stanley reiterated a “hold” rating and issued a $48.00 price objective on shares of Trinseo in a report on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.57.
Shares of Trinseo (NYSE:TSE) opened at 57.31 on Wednesday. The firm has a market cap of $2.66 billion, a P/E ratio of 10.46 and a beta of 2.44. The company has a 50-day moving average of $56.05 and a 200-day moving average of $47.27. Trinseo has a 12 month low of $21.92 and a 12 month high of $60.02.
Trinseo (NYSE:TSE) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $2.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.65. Trinseo 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.
Several large investors have recently modified their holdings of the stock. Macquarie Group Ltd. bought a new stake in shares of Trinseo during the second quarter worth about $32,792,000. Anchor Bolt Capital LP raised its stake in shares of Trinseo by 154.2% in the second quarter. Anchor Bolt Capital LP now owns 967,440 shares of the company’s stock worth $41,532,000 after buying an additional 586,872 shares during the period. AJO LP bought a new stake in shares of Trinseo during the second quarter worth about $24,783,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Trinseo by 186.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 825,513 shares of the company’s stock worth $35,439,000 after buying an additional 537,623 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Trinseo by 36.3% in the second quarter. Vanguard Group Inc. now owns 1,936,384 shares of the company’s stock worth $83,128,000 after buying an additional 515,505 shares during the period.
In other news, Director Ruth Springham sold 10,669,567 shares of the company’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $54.05, for a total value of $576,690,096.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.45% of the stock is currently owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be paid a $0.30 dividend. The ex-dividend date is Friday, October 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.09%. Trinseo’s dividend payout ratio (DPR) is presently 21.82%.
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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