Trinseo (TSE) to Release Quarterly Earnings on Wednesday

Trinseo (NYSE:TSE) is set to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($1.39) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Trinseo (NYSE:TSE) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported ($1.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.09) by ($0.37). The firm had revenue of $920.00 million during the quarter, compared to analysts’ expectations of $958.16 million. During the same quarter in the prior year, the firm posted ($1.92) earnings per share. On average, analysts expect Trinseo to post $-7 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Trinseo Price Performance

NYSE TSE traded down $0.04 during trading hours on Tuesday, hitting $4.29. The company’s stock had a trading volume of 78,123 shares, compared to its average volume of 471,205. The company has a market cap of $151.68 million, a P/E ratio of -0.34 and a beta of 1.64. The company’s 50 day simple moving average is $4.96 and its two-hundred day simple moving average is $3.62. Trinseo has a 12 month low of $1.93 and a 12 month high of $8.83.

Trinseo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.93%. Trinseo’s dividend payout ratio (DPR) is currently -0.32%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Trinseo from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Insiders Place Their Bets

In related news, Director Jeffrey J. Cote purchased 50,600 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were acquired at an average price of $3.39 per share, for a total transaction of $171,534.00. Following the purchase, the director now directly owns 150,600 shares in the company, valued at $510,534. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Frank A. Bozich purchased 40,000 shares of Trinseo stock in a transaction dated Monday, August 12th. The stock was purchased at an average cost of $2.57 per share, with a total value of $102,800.00. Following the transaction, the chief executive officer now owns 462,204 shares in the company, valued at approximately $1,187,864.28. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey J. Cote bought 50,600 shares of the business’s stock in a transaction on Monday, August 19th. The stock was bought at an average price of $3.39 per share, for a total transaction of $171,534.00. Following the purchase, the director now directly owns 150,600 shares of the company’s stock, valued at $510,534. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 265,600 shares of company stock worth $748,084 in the last three months. 2.70% of the stock is owned by company insiders.

About Trinseo

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.