Trinseo (NYSE:TSE) Posts Earnings Results

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

Trinseo Stock Up 2.4 %

Shares of NYSE TSE opened at $4.79 on Thursday. The company has a 50 day simple moving average of $4.76 and a two-hundred day simple moving average of $4.43. Trinseo has a fifty-two week low of $1.93 and a fifty-two week high of $7.05.

Trinseo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were paid a dividend of $0.01 per share. 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 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.