Element Solutions (NYSE:ESI) Announces Earnings Results, Beats Estimates By $0.01 EPS

Element Solutions (NYSE:ESI) announced its earnings results on Monday. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01, Briefing.com reports. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The business had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. During the same quarter last year, the firm earned $0.36 earnings per share. Element Solutions’s quarterly revenue was up 7.6% on a year-over-year basis.

Element Solutions Stock Down 0.5 %

Element Solutions stock traded down $0.13 during midday trading on Wednesday, hitting $27.56. 1,420,949 shares of the stock were exchanged, compared to its average volume of 1,384,074. Element Solutions has a 52-week low of $17.76 and a 52-week high of $28.68. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 51.04, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29. The business’s 50-day moving average price is $25.98 and its 200-day moving average price is $25.57. The company has a quick ratio of 2.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.80.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s dividend payout ratio is currently 59.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ESI shares. BMO Capital Markets lifted their price target on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Barclays lifted their price target on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Element Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.