Trinseo (NYSE:TSE) Issues Quarterly Earnings Results, Misses Expectations By $0.37 EPS

Trinseo (NYSE:TSE) announced its quarterly earnings results on Wednesday. The basic materials company reported ($2.67) earnings per share for the quarter, missing the consensus estimate of ($2.30) by ($0.37), Zacks reports.

Trinseo Stock Performance

Shares of TSE traded up $0.11 during mid-day trading on Wednesday, hitting $4.79. 350,248 shares of the company’s stock were exchanged, compared to its average volume of 287,441. Trinseo has a fifty-two week low of $1.93 and a fifty-two week high of $7.05. The stock’s 50-day moving average is $4.76 and its 200-day moving average is $4.43. The company has a market cap of $169.57 million, a price-to-earnings ratio of -0.34 and a beta of 1.54.

Trinseo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, January 10th. Trinseo’s dividend payout ratio (DPR) is -0.28%.

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.