Trinseo (NYSE:TSE) Issues Earnings Results

Trinseo (NYSE:TSE) issued its quarterly earnings data on Thursday. The basic materials company reported ($2.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.96) by ($0.45), Zacks reports. The firm had revenue of $743.20 million during the quarter, compared to analyst estimates of $792.00 million.

Trinseo Price Performance

Shares of Trinseo stock traded down $0.04 during trading on Friday, hitting $1.23. 445,025 shares of the stock were exchanged, compared to its average volume of 455,796. The firm’s 50-day moving average price is $2.07 and its 200 day moving average price is $2.68. Trinseo has a 12-month low of $1.15 and a 12-month high of $6.85. The stock has a market cap of $44.04 million, a price-to-earnings ratio of -0.11 and a beta of 1.52.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Trinseo in a research note on Wednesday, October 8th. Zacks Research cut shares of Trinseo from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Insider Transactions at Trinseo

In other news, Director Matthew Farrell acquired 48,609 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were bought at an average price of $2.43 per share, with a total value of $118,119.87. Following the completion of the acquisition, the director owned 250,225 shares in the company, valued at $608,046.75. This trade represents a 24.11% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 100,000 shares of company stock valued at $240,028 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Trinseo in the second quarter valued at approximately $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Trinseo in the second quarter valued at approximately $58,000. New York State Common Retirement Fund acquired a new position in shares of Trinseo during the second quarter worth about $92,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Trinseo during the 1st quarter worth approximately $118,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Trinseo by 80.2% in the second quarter. BNP Paribas Financial Markets now owns 41,586 shares of the basic materials company’s stock valued at $130,000 after buying an additional 18,508 shares in the last quarter. Hedge funds and other institutional investors 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.