Somewhat Positive Press Coverage Somewhat Unlikely to Affect Trinseo (TSE) Stock Price

Press coverage about Trinseo (NYSE:TSE) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Trinseo earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 43.9532494066884 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Trinseo (TSE) opened at 66.30 on Monday. Trinseo has a one year low of $44.70 and a one year high of $72.60. The company’s 50 day moving average price is $64.92 and its 200-day moving average price is $66.46. The company has a market cap of $2.90 billion, a P/E ratio of 9.39 and a beta of 2.39.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by $0.41. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.08 billion. Trinseo had a net margin of 7.88% and a return on equity of 67.05%. The company’s revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the company posted $2.30 earnings per share. On average, analysts forecast that Trinseo will post $6.61 EPS for the current fiscal year.

Trinseo announced that its Board of Directors has initiated a share repurchase program on Thursday, June 22nd that permits the company to buyback 2,000,000 outstanding shares. This buyback authorization permits the basic materials company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

TSE has been the subject of several recent research reports. ValuEngine downgraded Trinseo from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 14th. BidaskClub upgraded Trinseo from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and set a $82.00 target price on shares of Trinseo in a report on Friday, June 16th. Deutsche Bank AG restated a “buy” rating and set a $74.00 target price (up previously from $72.00) on shares of Trinseo in a report on Wednesday, August 9th. Finally, Alembic Global Advisors restated a “buy” rating on shares of Trinseo in a report on Tuesday, September 5th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Trinseo has a consensus rating of “Buy” and a consensus target price of $75.80.

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In other Trinseo news, Director Jeffrey J. Cote sold 5,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $65.01, for a total transaction of $325,050.00. Following the sale, the director now directly owns 15,640 shares in the company, valued at $1,016,756.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher D. Pappas sold 25,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $68.50, for a total transaction of $1,712,500.00. Following the sale, the insider now owns 265,240 shares in the company, valued at $18,168,940. The disclosure for this sale can be found here. Insiders have sold 105,399 shares of company stock worth $7,259,385 over the last quarter. Corporate insiders own 0.65% of the company’s stock.

About Trinseo

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.

Insider Buying and Selling by Quarter for Trinseo (NYSE:TSE)

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