Trinseo S.A. (NYSE:TSE) – Analysts at Jefferies Financial Group dropped their Q4 2018 earnings estimates for Trinseo in a report released on Monday, November 12th. Jefferies Financial Group analyst L. Alexander now anticipates that the basic materials company will post earnings of $1.35 per share for the quarter, down from their previous forecast of $1.94. Jefferies Financial Group also issued estimates for Trinseo’s FY2019 earnings at $8.85 EPS.

Trinseo (NYSE:TSE) last issued its quarterly earnings results on Thursday, November 8th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Trinseo had a return on equity of 52.61% and a net margin of 8.82%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.18 earnings per share.

TSE has been the subject of several other reports. Barclays cut their target price on Trinseo from $71.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday. Zacks Investment Research cut Trinseo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 11th. Alembic Global Advisors set a $75.00 target price on Trinseo and gave the stock a “buy” rating in a research note on Monday. ValuEngine cut Trinseo from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 11th. Finally, Citigroup dropped their price target on Trinseo from $80.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Trinseo has a consensus rating of “Hold” and an average price target of $78.00.

NYSE TSE opened at $44.99 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.86 and a quick ratio of 2.01. Trinseo has a fifty-two week low of $44.06 and a fifty-two week high of $85.35. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 5.53, a price-to-earnings-growth ratio of 0.49 and a beta of 2.50.

Several institutional investors and hedge funds have recently made changes to their positions in TSE. First Quadrant L P CA bought a new position in shares of Trinseo in the 2nd quarter valued at $117,000. Legacy Financial Advisors Inc. acquired a new stake in Trinseo in the second quarter valued at $125,000. Group One Trading L.P. increased its holdings in Trinseo by 133.3% in the third quarter. Group One Trading L.P. now owns 2,220 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 8,879 shares during the period. Wilen Investment Management CORP. increased its holdings in Trinseo by 34.8% in the second quarter. Wilen Investment Management CORP. now owns 3,773 shares of the basic materials company’s stock valued at $287,000 after purchasing an additional 973 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in Trinseo in the second quarter valued at $295,000. Institutional investors own 97.69% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Tuesday, October 9th. Trinseo’s payout ratio is 19.68%.

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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