In the last trading session, 1.5 million Trinseo PLC (NYSE:TSE) shares changed hands as the company’s beta touched 1.58. With the company’s per share price at $8.68 changed hands at $0.09 or 1.05% during last session, the market valuation stood at $317.86M. TSE’s last price was a discount, traded about -251.73% off its 52-week high of $30.53. The share price had its 52-week low at $7.43, which suggests the last value was 14.4% up since then. When we look at Trinseo PLC’s average trading volume, we note the 10-day average is 2.65 million shares, with the 3-month average coming to 806.05K.
Analysts gave the Trinseo PLC (TSE) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended TSE as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Trinseo PLC’s EPS for the current quarter is expected to be -$0.56.
Trinseo PLC (NYSE:TSE) trade information
Instantly TSE was in green as seen at the end of in last trading. With action 8.09%, the performance over the past five days has been green. The jump to weekly highs of 9.24 on Monday, 09/18/23 added 1.05% to the stock’s daily price. The company’s shares are showing year-to-date downside of -61.78%, with the 5-day performance at 8.09% in the green. However, in the 30-day time frame, Trinseo PLC (NYSE:TSE) is -25.88% down. Looking at the short shares, we see there were 2.17 million shares sold at short interest cover period of 4.62 days.
The consensus price target for the stock as assigned by Wall Street analysts is $16.67, meaning bulls need an upside of 47.93% from its current market value. According to analyst projections, TSE’s forecast low is $12.00 with $23.00 as the target high. To hit the forecast high, the stock’s price needs a -164.98% plunge from its current level, while the stock would need to soar -38.25% for it to hit the projected low.
Trinseo PLC (TSE) estimates and forecasts
Data shows that the Trinseo PLC share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -54.48% over the past 6 months, a -827.08% in annual growth rate that is considerably lower than the industry average of -7.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Trinseo PLC will rise 80.80%, while the growth in revenue is estimated to hit 54.10% for the next quarter. Year-over-year growth is forecast to reach -19.50% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $973 million. 2 analysts are of the opinion that Trinseo PLC’s revenue for the quarter ending Dec 2023 will be $989.5 million. The company’s revenue for the corresponding quarters a year ago was $1.18 billion and $975.2 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -17.40%. The estimates for the next quarter sales put growth at 1.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -29.30%. The 2023 estimates are for Trinseo PLC earnings to decrease by -268.90%.
Trinseo PLC is expected to release its next quarterly earnings report between November 03 and November 07. The 0.46% annual yield figure for the share gives it an annual dividend of 0.04. It is important to note, however, that the 0.46% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Trinseo PLC (NYSE:TSE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.47% of Trinseo PLC shares while 96.23% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.66%. There are 96.23% institutions holding the Trinseo PLC stock share, with M&G Investment Management Ltd the top institutional holder. As of Jun 29, 2023, the company held 21.67% of the shares, roughly 7.63 million TSE shares worth $96.61 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 16.45% or 5.79 million shares worth $73.34 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were iShares Core S&P Smallcap ETF and Undiscovered Managers Behavioral Value Fund. With 2.5 million shares estimated at $26.36 million under it, the former controlled 7.11% of total outstanding shares. On the other hand, Undiscovered Managers Behavioral Value Fund held about 3.71% of the shares, roughly 1.31 million shares worth around $16.55 million.