Trinseo S.A. (NYSE:TSE) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of Trinseo in a research report issued to clients and investors on Friday. Jefferies Group analyst L. Alexander anticipates that the basic materials company will post earnings per share of $2.43 for the quarter. Jefferies Group has a “Buy” rating and a $97.00 price objective on the stock. Jefferies Group also issued estimates for Trinseo’s Q2 2018 earnings at $2.10 EPS, Q3 2018 earnings at $2.01 EPS, Q4 2018 earnings at $1.90 EPS, FY2018 earnings at $8.45 EPS and FY2019 earnings at $10.00 EPS.
TSE has been the topic of a number of other reports. Zacks Investment Research cut Trinseo from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Barclays increased their price target on Trinseo from $73.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 7th. Deutsche Bank increased their price target on Trinseo to $92.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Alembic Global Advisors reissued a “buy” rating on shares of Trinseo in a report on Monday, December 11th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $89.50.
Trinseo (NYSE:TSE) last announced its quarterly earnings results on Monday, February 19th. The basic materials company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.47. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Trinseo had a return on equity of 65.90% and a net margin of 7.38%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS.
Hedge funds have recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new position in Trinseo in the 3rd quarter worth approximately $161,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Trinseo by 44.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,465 shares of the basic materials company’s stock worth $179,000 after buying an additional 756 shares in the last quarter. Royal Bank of Canada grew its holdings in Trinseo by 47.7% in the 2nd quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock worth $179,000 after buying an additional 843 shares in the last quarter. Trilogy Capital Inc. bought a new position in Trinseo in the 4th quarter worth approximately $224,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Trinseo by 85.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,112 shares of the basic materials company’s stock worth $189,000 after buying an additional 1,430 shares in the last quarter.
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Trinseo Company Profile
Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’s segments include Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks and Americas Styrenics. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders.
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