Trinseo (TSE) Updates Q4 Earnings Guidance

Trinseo (NYSE:TSE) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.27-1.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.79. Trinseo also updated its FY 2018 guidance to $7.96-8.15 EPS.

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

Shares of NYSE:TSE traded down $1.96 during trading on Friday, hitting $55.77. 796,535 shares of the company traded hands, compared to its average volume of 484,827. The firm has a market capitalization 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 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.

Trinseo (NYSE:TSE) last posted its earnings results on Thursday, November 8th. The basic materials company reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.03. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Trinseo had a return on equity of 59.09% and a net margin of 8.11%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.18 earnings per share. As a group, analysts predict that Trinseo will post 8.86 EPS for the current fiscal year.

The business also recently announced 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 annualized dividend 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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