Trinseo (TSE) Scheduled to Post Quarterly Earnings on Wednesday

Trinseo (NYSE:TSE) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Trinseo to post 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 posted its earnings results on Tuesday, August 6th. The basic materials company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.09) by ($0.37). The company had revenue of $920.00 million for the quarter, compared to analysts’ expectations of $958.16 million. During the same period in the prior year, the company posted ($1.92) EPS. On average, analysts expect Trinseo to post $-7 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Trinseo Trading Down 0.9 %

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

Trinseo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors 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 yield of 0.93%. Trinseo’s dividend payout ratio is currently -0.32%.

Wall Street Analyst Weigh In

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

Insider Activity at Trinseo

In related news, CEO Frank A. Bozich acquired 40,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $2.57 per share, with a total value of $102,800.00. Following the completion of the transaction, the chief executive officer now owns 462,204 shares of the company’s stock, valued at $1,187,864.28. The trade was 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 this hyperlink. In related news, CEO Frank A. Bozich acquired 40,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of $2.57 per share, for a total transaction of $102,800.00. Following the purchase, the chief executive officer now owns 462,204 shares of the company’s stock, valued at $1,187,864.28. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey J. Cote bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of $2.81 per share, for a total transaction of $281,000.00. Following the completion of the purchase, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $281,000. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 265,600 shares of company stock worth $748,084. Corporate insiders own 2.70% of the company’s stock.

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.