Zacks: Analysts Anticipate Trinseo S.A. (TSE) to Post $2.18 EPS
Wall Street brokerages expect Trinseo S.A. (NYSE:TSE) to post earnings of $2.18 per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Trinseo’s earnings, with the highest EPS estimate coming in at $2.22 and the lowest estimate coming in at $2.14. Trinseo reported earnings of $1.39 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 56.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that Trinseo will report full year earnings of $9.31 per share for the current year, with EPS estimates ranging from $9.22 to $9.40. For the next year, analysts expect that the business will report earnings of $10.27 per share, with EPS estimates ranging from $9.97 to $10.50. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Trinseo.
Trinseo (NYSE:TSE) last announced its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.22. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.11 billion. Trinseo had a net margin of 8.11% and a return on equity of 59.09%. Trinseo’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company posted $1.39 EPS.
Shares of NYSE:TSE traded down $1.55 during mid-day trading on Monday, reaching $75.35. The stock had a trading volume of 4,175 shares, compared to its average volume of 272,259. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 0.69 and a beta of 2.24. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.87 and a quick ratio of 1.81. Trinseo has a twelve month low of $58.05 and a twelve month high of $85.35.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 25th. Shareholders of record on Wednesday, July 11th were issued a dividend of $0.40 per share. This is an increase from Trinseo’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 2.12%. The ex-dividend date was Tuesday, July 10th. Trinseo’s dividend payout ratio (DPR) is 19.68%.
In other Trinseo news, insider David Phillip Stasse sold 6,613 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $76.72, for a total transaction of $507,349.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Catherine C. Keenan sold 1,643 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $77.95, for a total transaction of $128,071.85. Following the sale, the insider now owns 6,534 shares in the company, valued at $509,325.30. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. First Midwest Bank Trust Division raised its holdings in Trinseo by 13.2% during the 2nd quarter. First Midwest Bank Trust Division now owns 5,899 shares of the basic materials company’s stock worth $419,000 after buying an additional 688 shares during the period. Rothschild Asset Management Inc. raised its holdings in Trinseo by 0.3% during the 2nd quarter. Rothschild Asset Management Inc. now owns 277,099 shares of the basic materials company’s stock worth $19,660,000 after buying an additional 821 shares during the period. Bailard Inc. raised its holdings in Trinseo by 2.0% during the 1st quarter. Bailard Inc. now owns 44,198 shares of the basic materials company’s stock worth $3,273,000 after buying an additional 868 shares during the period. Aperio Group LLC raised its holdings in Trinseo by 7.7% during the 2nd quarter. Aperio Group LLC now owns 13,268 shares of the basic materials company’s stock worth $941,000 after buying an additional 953 shares during the period. Finally, Smith Asset Management Group LP raised its holdings in Trinseo by 11.0% during the 2nd quarter. Smith Asset Management Group LP now owns 9,744 shares of the basic materials company’s stock worth $691,000 after buying an additional 969 shares during the period. Hedge funds and other institutional investors own 99.20% of the company’s stock.
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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