Trinseo (NYSE:TSE) Announces Earnings Results

Trinseo (NYSE:TSE) 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

In related news, SVP Angelo N. Chaclas acquired 75,000 shares of Trinseo stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $2.57 per share, with a total value of $192,750.00. Following the transaction, the senior vice president now directly owns 207,007 shares in the company, valued at approximately $532,007.99. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Frank A. Bozich acquired 40,000 shares of Trinseo stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $2.57 per share, with a total value of $102,800.00. Following the transaction, the chief executive officer now directly owns 462,204 shares in the company, valued at approximately $1,187,864.28. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Angelo N. Chaclas acquired 75,000 shares of Trinseo stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $2.57 per share, with a total value of $192,750.00. Following the transaction, the senior vice president now owns 207,007 shares in the company, valued at $532,007.99. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 265,600 shares of company stock valued at $748,084. Corporate insiders own 2.70% of the company’s stock.

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.

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.