Trinseo (NYSE:TSE) Posts Quarterly Earnings Results, Misses Expectations By $0.37 EPS

Trinseo (NYSE:TSE) announced its quarterly earnings data on Wednesday. The basic materials company reported ($2.67) EPS for the quarter, missing analysts’ consensus estimates of ($2.30) by ($0.37), Zacks reports.

Trinseo Price Performance

Shares of TSE traded up $0.11 during mid-day trading on Wednesday, reaching $4.79. The stock had a trading volume of 350,388 shares, compared to its average volume of 287,441. Trinseo has a 52-week low of $1.93 and a 52-week high of $7.05. The firm has a market cap of $169.57 million, a price-to-earnings ratio of -0.34 and a beta of 1.54. The business’s fifty day moving average is $4.76 and its 200 day moving average is $4.43.

Trinseo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.84%. Trinseo’s payout ratio is -0.28%.

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.