Jefferies Group Weighs in on Trinseo S.A.’s Q3 2017 Earnings (NYSE:TSE)
Trinseo S.A. (NYSE:TSE) – Investment analysts at Jefferies Group lowered their Q3 2017 earnings estimates for Trinseo in a research note issued on Wednesday. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will post earnings per share of $1.18 for the quarter, down from their prior estimate of $2.00. Jefferies Group has a “Buy” rating and a $82.00 price target on the stock. Jefferies Group also issued estimates for Trinseo’s Q4 2017 earnings at $1.57 EPS, FY2017 earnings at $6.55 EPS, FY2018 earnings at $8.15 EPS and FY2019 earnings at $8.80 EPS.
Trinseo (NYSE:TSE) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by $0.41. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. Trinseo had a net margin of 7.88% and a return on equity of 67.05%. The business’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the company earned $2.30 EPS. COPYRIGHT VIOLATION WARNING: “Jefferies Group Weighs in on Trinseo S.A.’s Q3 2017 Earnings (NYSE:TSE)” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.dailypolitical.com/2017/08/09/jefferies-group-weighs-in-on-trinseo-s-a-s-q3-2017-earnings-nysetse.html.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Trinseo from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup Inc. lifted their target price on Trinseo from $67.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, July 12th. BidaskClub upgraded Trinseo from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Barclays PLC reduced their target price on Trinseo from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Trinseo currently has a consensus rating of “Hold” and a consensus price target of $76.25.
Trinseo (NYSE TSE) opened at 61.35 on Monday. Trinseo has a 12 month low of $44.70 and a 12 month high of $72.60. The company has a market cap of $2.69 billion, a P/E ratio of 8.69 and a beta of 2.38. The firm has a 50-day moving average price of $68.34 and a 200 day moving average price of $67.12.
Several large investors have recently bought and sold shares of TSE. Benson Investment Management Company Inc. purchased a new stake in Trinseo during the second quarter valued at about $1,501,000. Quantitative Systematic Strategies LLC purchased a new stake in Trinseo during the first quarter valued at about $208,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in Trinseo during the first quarter valued at about $2,417,000. Hennessy Advisors Inc. purchased a new stake in Trinseo during the first quarter valued at about $3,778,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Trinseo by 36.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 30,203 shares of the basic materials company’s stock valued at $2,027,000 after buying an additional 8,095 shares in the last quarter.
In related news, insider Christopher D. Pappas sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total value of $1,776,000.00. Following the sale, the insider now owns 265,240 shares in the company, valued at approximately $18,842,649.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher D. Pappas sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $67.24, for a total value of $1,344,800.00. Following the completion of the sale, the insider now owns 260,240 shares in the company, valued at approximately $17,498,537.60. The disclosure for this sale can be found here. Insiders sold 90,000 shares of company stock worth $6,138,050 in the last 90 days. Company insiders own 0.65% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 2.35%. This is an increase from Trinseo’s previous quarterly dividend of $0.30. Trinseo’s payout ratio is currently 20.34%.
Trinseo announced that its board has initiated a stock buyback plan on Thursday, June 22nd that permits the company to repurchase 2,000,000 outstanding shares. This repurchase authorization permits the basic materials company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
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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