Trinseo (NYSE:TSE) Releases Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Trinseo (NYSE:TSE) issued its quarterly earnings data on Wednesday. The basic materials company reported ($1.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.39) by ($0.23), reports. The company had revenue of $867.70 million during the quarter, compared to analyst estimates of $855.10 million.

Trinseo Stock Down 0.3 %

TSE traded down $0.01 during midday trading on Friday, hitting $3.87. 76,959 shares of the company were exchanged, compared to its average volume of 473,435. The firm’s 50 day moving average price is $4.96 and its 200-day moving average price is $3.64. Trinseo has a 1-year low of $1.93 and a 1-year high of $8.83.

Trinseo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.01 per share. 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 1.03%. Trinseo’s dividend payout ratio (DPR) is presently -0.28%.

Wall Street Analysts Forecast Growth

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

Insider Activity

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

Hedge Funds Weigh In On Trinseo

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in Trinseo by 40.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,906 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 10,036 shares during the period. PFG Investments LLC purchased a new position in Trinseo in the 3rd quarter valued at approximately $52,000. Quadrature Capital Ltd boosted its stake in Trinseo by 34.3% in the 1st quarter. Quadrature Capital Ltd now owns 41,552 shares of the basic materials company’s stock worth $157,000 after purchasing an additional 10,608 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Trinseo during the 2nd quarter worth approximately $25,000. Finally, Ground Swell Capital LLC purchased a new position in shares of Trinseo during the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 82.69% 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.