Future Outlook And Stock Price Performance For Trinseo PLC (NYSE: TSE)

In today’s recent session, 0.6 million shares of the Trinseo PLC (NYSE:TSE) have been traded, and its beta is 1.60. Most recently the company’s share price was $5.43, and it changed around $0.97 or 21.86% from the last close, which brings the market valuation of the company to $192.40M. TSE at last check was trading at a discount to its 52-week high of $8.83, offering almost -62.62% off that amount. The share price’s 52-week low was $1.93, which indicates that the recent value has risen by an impressive 64.46% since then. We note from Trinseo PLC’s average daily trading volume that its 10-day average is 0.31 million shares, with the 3-month average coming to 386.67K.

Trinseo PLC stock received a consensus recommendation rating of Hold, based on a mean score of 2.67. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended TSE as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Trinseo PLC is expected to report earnings per share of -1.64 for the current quarter.

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Trinseo PLC (NYSE:TSE) trade information

Instantly TSE has been showing a green trend so far today with a performance of 21.86% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.87 on recent trading dayincreased the stock’s daily price by 7.5%. The company’s shares are currently down -35.07% year-to-date, but still up 29.71% over the last five days. On the other hand, Trinseo PLC (NYSE:TSE) is 41.90% up in the 30-day period. We can see from the shorts that 0.9 million shares have been sold at a short interest cover period of 2.69 day(s).

Trinseo PLC (TSE) estimates and forecasts

Trinseo PLC share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 84.86 percent over the past six months and at a -4.62% annual growth rate that is well above the industry average of -9.80%. The year-over-year growth rate is expected to be -3.63%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 803.09M in revenue for the current quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -4.11%.

TSE Dividends

Trinseo PLC’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 0.74 percent and its annual dividend per share was 0.04. It is important to note, however, that the 0.74% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.12 per year.

Trinseo PLC (NYSE:TSE)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.71% of Trinseo PLC shares, and 66.38% of them are in the hands of institutional investors. The stock currently has a share float of 69.66%.

Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Aug 31, 2024. The former held 1.25 shares worth $7.21 million, making up 3.53% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 539.57 shares worth around $3.12 million, which represents about 1.52% of the total shares outstanding.