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

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

Trinseo Trading Up 2.4 %

Shares of Trinseo stock opened at $4.79 on Thursday. The company’s fifty day simple moving average is $4.76 and its 200-day simple moving average is $4.43. Trinseo has a 1-year low of $1.93 and a 1-year high of $7.05.

Trinseo Dividend Announcement

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

About Trinseo

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.