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According to Zacks, “Trinseo S.A. is a global materials company and manufacturer of plastics, latex and rubber. The Company’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Its major products include styrene-butadiene latex, styrene-acrylate latex, solution styrene-butadiene rubber, lithium polybutadiene rubber, emulsion styrene-butadiene rubber, nickel polybutadiene rubber, polystyrene, expandable polystyrene, acrylonitrile-butadiene-styrene, styrene-acrylonitrile, ignition resistant polystyrene, polycarbonate resins, compounds and blends, and polypropylene compounds. Trinseo S.A. is based in Berwyn, Pennsylvania. “
A number of other brokerages have also recently weighed in on TSE. ValuEngine raised Trinseo from a buy rating to a strong-buy rating in a report on Wednesday, October 2nd. Morgan Stanley decreased their price objective on Trinseo from $49.00 to $32.00 and set an equal weight rating on the stock in a report on Wednesday, August 14th. Barclays set a $40.00 price objective on Trinseo and gave the company a hold rating in a report on Monday, September 9th. Goldman Sachs Group cut Trinseo from a neutral rating to a sell rating in a report on Wednesday, July 17th. Finally, Deutsche Bank lifted their price target on Trinseo from $38.00 to $50.00 and gave the stock a buy rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $48.57.
Shares of NYSE TSE traded down $1.37 during trading hours on Friday, reaching $45.99. 424,316 shares of the stock traded hands, compared to its average volume of 450,287. The company has a market capitalization of $1.78 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 1.14 and a beta of 1.99. The company has a quick ratio of 2.04, a current ratio of 2.89 and a debt-to-equity ratio of 1.70. Trinseo has a 52-week low of $27.36 and a 52-week high of $57.10. The company’s 50-day simple moving average is $43.06 and its two-hundred day simple moving average is $39.86.
Trinseo (NYSE:TSE) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.06). The firm had revenue of $922.10 million for the quarter, compared to analysts’ expectations of $1.02 billion. Trinseo had a net margin of 2.16% and a return on equity of 16.55%. The business’s quarterly revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 earnings per share. As a group, sell-side analysts forecast that Trinseo will post 3.19 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $1.60 dividend on an annualized basis and a yield of 3.48%. Trinseo’s dividend payout ratio (DPR) is currently 22.07%.
In related news, insider Frank A. Bozich purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of $28.97 per share, with a total value of $434,550.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. increased its stake in shares of Trinseo by 124.0% during the second quarter. Prudential Financial Inc. now owns 1,199,121 shares of the basic materials company’s stock valued at $50,771,000 after buying an additional 663,792 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of Trinseo during the second quarter valued at approximately $27,805,000. Prudential PLC increased its stake in shares of Trinseo by 7.4% during the second quarter. Prudential PLC now owns 7,757,914 shares of the basic materials company’s stock valued at $325,832,000 after buying an additional 536,746 shares during the period. Man Group plc increased its stake in shares of Trinseo by 45.7% during the second quarter. Man Group plc now owns 488,245 shares of the basic materials company’s stock valued at $20,673,000 after buying an additional 153,136 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in shares of Trinseo by 175.8% during the second quarter. Panagora Asset Management Inc. now owns 157,091 shares of the basic materials company’s stock valued at $6,651,000 after buying an additional 100,142 shares during the period. 99.43% of the stock is currently owned by institutional investors and hedge funds.
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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