Trinseo S.A.(NYSE:TSE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $969.69M. Analysts estimated a revenue of $958.28M. Earnings per share were $2.30. Analysts had estimated an EPS of $1.68.
In a different note, On Jul 15, 2016, Citigroup said it Maintains its rating on Trinseo S.A.. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Neutral’ by the firm.
Trinseo S.A. (TSE) made into the market gainers list on Mondays trading session with the shares advancing 1.34% or 0.68 points. Due to strong positive momentum, the stock ended at $51.51, which is also near the day’s high of $51.6601. The stock began the session at $51.17 and the volume stood at 4,55,292 shares. The 52-week high of the shares is $52.25 and the 52 week low is $21.92. The company has a current market capitalization of $2,390 M and it has 4,64,06,333 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Hayati Yarkadas (officer ) purchased 2,100 shares at $48.82 per share price.Also, On May 16, 2016, Michel Plantevin (director 10% owner) sold 8,000,000 shares at $42.90 per share price.On May 16, 2016, Aurelien Vasseur (director 10% owner) sold 8,000,000 shares at $42.90 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.