Trinseo (NYSE:TSE) updated its FY 2018 earnings guidance on Thursday. The company provided EPS guidance of $7.96-8.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.88. Trinseo also updated its Q4 guidance to $1.27-1.46 EPS.

A number of brokerages have recently weighed in on TSE. Zacks Investment Research raised shares of Trinseo from a hold rating to a strong-buy rating and set a $90.00 price target for the company in a report on Thursday, August 9th. Citigroup cut their price target on shares of Trinseo from $80.00 to $76.00 and set a neutral rating for the company in a report on Wednesday, October 10th. ValuEngine raised shares of Trinseo from a sell rating to a hold rating in a report on Tuesday, July 31st. MED reaffirmed a buy rating and set a $90.00 price target on shares of Trinseo in a report on Thursday, August 2nd. Finally, Barclays cut their price target on shares of Trinseo from $88.00 to $71.00 and set an equal weight rating for the company in a report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $85.57.

Shares of Trinseo stock traded down $1.96 on Friday, reaching $55.77. 796,535 shares of the stock were exchanged, compared to its average volume of 484,827. Trinseo has a one year low of $50.20 and a one year high of $85.35. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 1.45. The company has a market cap of $2.54 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 0.56 and a beta of 2.50.

Trinseo (NYSE:TSE) last issued its quarterly earnings results on Thursday, November 8th. The basic materials company reported $1.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.03. Trinseo had a net margin of 8.11% and a return on equity of 59.09%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $2.18 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts forecast that Trinseo will post 8.86 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Tuesday, October 9th. Trinseo’s dividend payout ratio (DPR) is presently 19.68%.

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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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