Trinseo (TSE) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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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.

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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 six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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Earnings History for Trinseo (NYSE:TSE)

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