Media stories about Trinseo (NYSE:TSE) have trended somewhat positive this week, AlphaOne reports. AlphaOne, a service of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Trinseo earned a media sentiment score of 0.20 on AlphaOne’s scale. AlphaOne also gave news coverage about the basic materials company an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s scoring:
Trinseo (NYSE:TSE) traded up 2.55% on Friday, reaching $62.30. 587,082 shares of the company traded hands. The stock has a market capitalization of $2.74 billion, a PE ratio of 9.30 and a beta of 2.47. The firm has a 50 day moving average of $66.11 and a 200-day moving average of $62.86. Trinseo has a one year low of $39.45 and a one year high of $72.60.
Trinseo (NYSE:TSE) last released its earnings results on Tuesday, May 2nd. The basic materials company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.15. The business earned $1.10 billion during the quarter. Trinseo had a net margin of 7.65% and a return on equity of 76.25%. On average, analysts anticipate that Trinseo will post $7.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 25th. Stockholders of record on Tuesday, April 11th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, April 7th. Trinseo’s dividend payout ratio (DPR) is 20.44%.
Several brokerages have recently commented on TSE. Jefferies Group LLC lifted their price target on shares of Trinseo to $82.00 and gave the stock a “buy” rating in a research report on Monday, February 27th. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Saturday, February 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $63.00.
In other news, insider Christopher D. Pappas sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $70.41, for a total transaction of $1,408,200.00. Following the completion of the sale, the insider now owns 237,545 shares of the company’s stock, valued at approximately $16,725,543.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leener Pierre-Marie De sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $70.77, for a total transaction of $707,700.00. Following the sale, the director now directly owns 8,274 shares of the company’s stock, valued at approximately $585,550.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,119 shares of company stock valued at $9,557,710. Insiders own 0.45% of the company’s stock.
Trinseo Company Profile
Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’s segments include Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks and Americas Styrenics. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders.