Trinseo (NYSE:TSE – Get Free Report) announced its earnings results on Wednesday. The basic materials company reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.39) by ($0.23), reports. The firm had revenue of $867.70 million during the quarter, compared to analysts’ expectations of $855.10 million.
Trinseo Stock Performance
Shares of NYSE:TSE opened at $3.83 on Friday. Trinseo has a 52-week low of $1.93 and a 52-week high of $8.83. The firm has a market capitalization of $135.43 million, a P/E ratio of -0.27 and a beta of 1.64. The stock has a 50 day moving average price of $4.95 and a 200-day moving average price of $3.65.
Trinseo Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Thursday, October 10th. Trinseo’s dividend payout ratio is currently -0.28%.
Insider Transactions at Trinseo
Institutional Trading of Trinseo
Institutional investors have recently added to or reduced their stakes in the business. M&G Plc purchased a new stake in Trinseo during the 1st quarter valued at $30,500,000. Vanguard Group Inc. boosted its stake in Trinseo by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 1,115,487 shares of the basic materials company’s stock valued at $4,217,000 after purchasing an additional 93,050 shares during the last quarter. Marshall Wace LLP purchased a new stake in Trinseo during the 2nd quarter valued at $455,000. State Board of Administration of Florida Retirement System purchased a new stake in Trinseo during the 1st quarter valued at $48,000. Finally, Los Angeles Capital Management LLC boosted its stake in Trinseo by 388.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 425,506 shares of the basic materials company’s stock valued at $983,000 after purchasing an additional 338,318 shares during the last quarter. 82.69% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com raised Trinseo from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.
Get Our Latest Stock Report on TSE
Trinseo Company Profile
Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.
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