Trinseo S.A. (NYSE:TSE) – Jefferies Financial Group reduced their Q1 2020 earnings per share (EPS) estimates for Trinseo in a research note issued on Wednesday, November 6th. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will earn $0.80 per share for the quarter, down from their previous estimate of $0.90. Jefferies Financial Group also issued estimates for Trinseo’s Q3 2020 earnings at $1.37 EPS, Q4 2020 earnings at $1.53 EPS, FY2020 earnings at $4.95 EPS and FY2021 earnings at $7.35 EPS.

Trinseo (NYSE:TSE) last released its earnings results on Monday, November 4th. The basic materials company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). Trinseo had a net margin of 2.16% and a return on equity of 16.55%. The business had revenue of $922.10 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business posted $1.83 EPS. Trinseo’s revenue was down 23.1% compared to the same quarter last year.

A number of other research firms also recently commented on TSE. Citigroup downgraded Trinseo from a “neutral” rating to a “sell” rating and raised their target price for the company from $32.00 to $35.00 in a report on Wednesday, October 9th. Goldman Sachs Group downgraded Trinseo from a “neutral” rating to a “sell” rating in a report on Wednesday, July 17th. Morgan Stanley reduced their target price on Trinseo from $49.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. 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. Finally, Zacks Investment Research raised Trinseo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Trinseo presently has a consensus rating of “Hold” and an average price target of $48.57.

Trinseo stock opened at $45.99 on Friday. Trinseo has a one year low of $27.36 and a one year high of $57.10. The company has a debt-to-equity ratio of 1.70, a quick ratio of 2.04 and a current ratio of 2.89. The business has a fifty day moving average of $43.06 and a two-hundred day moving average of $39.86. The company has a market cap 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.

Several large investors have recently added to or reduced their stakes in TSE. First Trust Advisors LP raised its stake in shares of Trinseo by 86.4% during the 1st quarter. First Trust Advisors LP now owns 78,387 shares of the basic materials company’s stock worth $3,551,000 after buying an additional 36,331 shares during the last quarter. WINTON GROUP Ltd increased its position in Trinseo by 118.3% during the 2nd quarter. WINTON GROUP Ltd now owns 18,951 shares of the basic materials company’s stock worth $802,000 after purchasing an additional 10,270 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Trinseo during the 2nd quarter worth about $152,000. Zeke Capital Advisors LLC increased its position in Trinseo by 18.6% during the 2nd quarter. Zeke Capital Advisors LLC now owns 11,848 shares of the basic materials company’s stock worth $502,000 after purchasing an additional 1,860 shares in the last quarter. Finally, Strs Ohio increased its position in Trinseo by 410.9% during the 2nd quarter. Strs Ohio now owns 23,500 shares of the basic materials company’s stock worth $994,000 after purchasing an additional 18,900 shares in the last quarter. 99.43% of the stock is owned by institutional investors and hedge funds.

In other news, insider Frank A. Bozich purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average price of $28.97 per share, with a total value of $434,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Wednesday, October 9th. Trinseo’s dividend payout ratio (DPR) is presently 22.07%.

About Trinseo

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 and Estimates for Trinseo (NYSE:TSE)

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