Trinseo (TSE) Set to Announce Earnings on Wednesday

Trinseo (NYSE:TSE - Get Free Report) is scheduled to post 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.

Trinseo (NYSE:TSE - Get Free Report) last released its quarterly 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 firm had revenue of $920.00 million during the quarter, compared to the consensus estimate of $958.16 million. During the same period last 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

Shares of NYSE TSE traded down $0.17 during midday trading on Friday, reaching $4.45. 326,896 shares of the company traded hands, compared to its average volume of 473,661. The company has a market cap of $157.33 million, a price-to-earnings ratio of -0.35 and a beta of 1.63. The stock has a 50-day moving average price of $4.96 and a 200 day moving average price of $3.60. Trinseo has a 52 week low of $1.93 and a 52 week high of $8.83.

Trinseo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given 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 0.90%. Trinseo's dividend payout ratio (DPR) is -0.32%.

Insider Activity

In other Trinseo news, SVP Angelo N. Chaclas purchased 75,000 shares of the company's stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $2.57 per share, for a total transaction of $192,750.00. Following the completion of the transaction, the senior vice president now owns 207,007 shares in the company, valued at $532,007.99. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Trinseo news, SVP Angelo N. Chaclas bought 75,000 shares of Trinseo stock in a transaction that occurred on Monday, August 12th. The stock was purchased 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 owns 207,007 shares of the company's stock, valued at approximately $532,007.99. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank A. Bozich purchased 40,000 shares of the firm's stock in a transaction on 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 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 position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 265,600 shares of company stock worth $748,084. 2.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.