Trinseo PLC (NYSE: TSE)’s Stock Is Up 1.40% Since The Beginning Of The Year, Likely To Sustain The Trend In 2024

During the last session, Trinseo PLC (NYSE:TSE)’s traded shares were 0.49 million, with the beta value of the company hitting 1.60. At the end of the trading day, the stock’s price was $6.51, reflecting an intraday gain of 2.84% or $0.18. The 52-week high for the TSE share is $8.83, that puts it down -35.64 from that peak though still a striking 70.35% gain since the share price plummeted to a 52-week low of $1.93. The company’s market capitalization is $230.19M, and the average intraday trading volume over the past 10 days was 0.56 million shares, and the average trade volume was 492.98K shares over the past three months.

Trinseo PLC (TSE) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.67. TSE has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -1.47.

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Trinseo PLC (NYSE:TSE) trade information

Trinseo PLC (TSE) registered a 2.84% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.84% in intraday trading to $6.51, hitting a weekly high. The stock’s 5-day price performance is -4.12%, and it has moved by 84.94% in 30 days. Based on these gigs, the overall price performance for the year is 1.40%. The short interest in Trinseo PLC (NYSE:TSE) is 0.69 million shares and it means that shorts have 1.57 day(s) to cover.

Trinseo PLC (TSE) estimates and forecasts

Statistics show that Trinseo PLC has outperformed its competitors in share price, compared to the industry in which it operates. Trinseo PLC (TSE) shares have gone up 119.93% during the last six months, with a year-to-date growth rate more than the industry average at 2.75% against -14.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -42.70% this quarter and then jump 37.80% in the quarter after that. In the rating firms’ projections, revenue will decrease -3.10% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 887.55M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 834.1M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 879M and 837.5M respectively. In this case, analysts expect current quarter sales to grow by 1.00% and then drop by -0.40% in the coming quarter.

While earnings are projected to return 5.89% in 2024.

TSE Dividends

Trinseo PLC is due to release its next quarterly earnings on 2024-Aug-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Trinseo PLC is 0.04, with the dividend yield indicating at 0.61 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.23%.