Trinseo S.A. (TSE) Releases Earnings Results, Beats Expectations By $0.62 EPS

Trinseo S.A. (TSE) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $2.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.62. Analysts had a consensus of $1.68. Analysts expectations of $965.72 million. During the same quarter in the previous year, the company posted $1.61 EPS.

Trinseo S.A. opened for trading at $49.6 and hit $49.85 on the upside on Friday, eventually ending the session at $49.79, with a gain of 0.69% or 0.34 points. The heightened volatility saw the trading volume jump to 8,32,467 shares. Company has a market cap of $2,347 M.

In a different news, on Jun 13, 2016, Hayati Yarkadas (officer ) purchased 2,100 shares at $48.82 per share price. According to the SEC, on May 16, 2016, E. Jeffery Denton (officer ) purchased 1,200 shares at $43.66 per share price. On Mar 24, 2015, Christopher D Pappas (CEO) purchased 10,000 shares at $19.91 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.

Trinseo S.A.

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