Trinseo S.A. (TSE) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $1.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.27. Analysts had a consensus of $1.35. The company posted revenue of $894.00 million in the period, compared to analysts expectations of $967.88 million. The company’s revenue was down -12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.
Many Wall Street Analysts have commented on Trinseo S.A.. Company shares were Reiterated by Barclays on Mar 4, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 39 from a previous price target of $34 .
Trinseo S.A. opened for trading at $42.99 and hit $43.98 on the upside on Monday, eventually ending the session at $43.91, with a gain of 2.62% or 1.12 points. The heightened volatility saw the trading volume jump to 5,25,469 shares. Company has a market cap of $2,142 M.
In a different news, on Mar 24, 2015, Christopher D Pappas (CEO) purchased 10,000 shares at $19.91 per share price. According to the SEC, on Mar 24, 2015, Jeffrey J Cote (director) purchased 5,000 shares at $19.24 per share price. On Mar 24, 2015, Leener Pierre-marie De (director) purchased 10,000 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Trinseo S.A. is a materials company engaged in the manufacture and marketing of emulsion polymers and plastics including various specialty and technologically differentiated products. The company operates in four segments under two business units. Its Emulsion Polymers business unit includes its Latex segment and its Synthetic Rubber segment. Its Plastics business unit includes its Styrenics segment and its Engineered Polymers segment. The Latex segment produces SB latex primarily for coated paper and packaging board carpet and artificial turf backings as well as a number of performance latex applications. The Synthetic Rubber segment produces synthetic rubber products used predominantly in tires with additional applications in polymer modification and technical rubber goods. The Styrenics and Engineered Polymers segments offer plastics products with formulations developed for durable applications such as consumer electronics automotive and construction.