Trinseo S.A. (NYSE:TSE) – Jefferies Financial Group reduced their Q1 2020 EPS estimates for shares of Trinseo in a research note issued on Thursday, December 12th. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will earn $0.66 per share for the quarter, down from their prior estimate of $0.80. Jefferies Financial Group also issued estimates for Trinseo’s Q2 2020 earnings at $1.17 EPS and Q3 2020 earnings at $1.23 EPS.
A number of other research firms have also issued reports on TSE. Citigroup lowered shares of Trinseo from a “neutral” rating to a “sell” rating and increased their target price for the stock from $32.00 to $35.00 in a report on Wednesday, October 9th. Deutsche Bank raised their price objective on shares of Trinseo from $38.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, September 26th. ValuEngine lowered shares of Trinseo from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. Barclays set a $40.00 price objective on shares of Trinseo and gave the company a “hold” rating in a report on Monday, September 9th. Finally, Zacks Investment Research upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $46.40.
Trinseo (NYSE:TSE) last released its earnings results on Monday, November 4th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.06). The business had revenue of $922.10 million for the quarter, compared to analyst estimates of $1.02 billion. Trinseo had a return on equity of 16.55% and a net margin of 2.16%. Trinseo’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.32%. Trinseo’s payout ratio is 22.07%.
Several institutional investors and hedge funds have recently made changes to their positions in TSE. Prudential Financial Inc. raised its holdings in shares of Trinseo by 124.0% in the 2nd quarter. Prudential Financial Inc. now owns 1,199,121 shares of the basic materials company’s stock valued at $50,771,000 after purchasing an additional 663,792 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Trinseo in the 2nd quarter valued at $27,805,000. Prudential PLC grew its position in shares of Trinseo by 7.4% in the 2nd 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 last quarter. State Street Corp grew its position in shares of Trinseo by 35.5% in the 3rd quarter. State Street Corp now owns 1,212,248 shares of the basic materials company’s stock valued at $52,066,000 after buying an additional 317,271 shares during the last quarter. Finally, Man Group plc grew its position in shares of Trinseo by 45.7% in the 2nd 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 last quarter. Institutional investors and hedge funds own 95.09% of the company’s stock.
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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