Trinseo (NYSE:TSE) announced its quarterly earnings results on Thursday. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02, MarketWatch Earnings reports. Trinseo had a net margin of 6.32% and a return on equity of 40.17%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $2.76 EPS. The firm’s revenue was down 9.7% on a year-over-year basis. Trinseo updated its FY19 guidance to $6.00-7.27 EPS.
Shares of Trinseo stock traded up $4.27 during trading hours on Friday, reaching $46.46. 963,467 shares of the company’s stock were exchanged, compared to its average volume of 338,371. Trinseo has a fifty-two week low of $41.28 and a fifty-two week high of $82.18. The company has a debt-to-equity ratio of 1.51, a current ratio of 3.04 and a quick ratio of 2.09. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 0.57 and a beta of 2.03.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Wednesday, April 10th. Trinseo’s payout ratio is presently 22.07%.
A number of equities analysts recently weighed in on TSE shares. Citigroup set a $58.00 target price on shares of Trinseo and gave the stock a “buy” rating in a research note on Friday, February 15th. Zacks Investment Research raised shares of Trinseo from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. ValuEngine raised shares of Trinseo from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Alembic Global Advisors set a $75.00 target price on shares of Trinseo and gave the stock a “buy” rating in a research note on Thursday, February 14th. Finally, Deutsche Bank reduced their target price on shares of Trinseo from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Trinseo currently has an average rating of “Hold” and a consensus price target of $67.50.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Zolmax and is the sole property of of Zolmax. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://zolmax.com/investing/trinseo-tse-posts-quarterly-earnings-results-beats-estimates-by-0-02-eps/3069778.html.
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 six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.
Featured Article: Day Trading
Receive News & Ratings for Trinseo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinseo and related companies with MarketBeat.com's FREE daily email newsletter.