Element Solutions Inc (NYSE:ESI) to Issue $0.08 Quarterly Dividend

Element Solutions Inc (NYSE:ESI) declared a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.08 per share on Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, December 2nd.

Element Solutions has raised its dividend by an average of 85.7% per year over the last three years. Element Solutions has a dividend payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Element Solutions to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 20.0%.

Element Solutions Trading Down 1.1 %

Element Solutions stock traded down $0.32 during midday trading on Tuesday, reaching $27.71. The stock had a trading volume of 2,354,309 shares, compared to its average volume of 1,366,074. The firm’s fifty day simple moving average is $26.53 and its two-hundred day simple moving average is $25.96. Element Solutions has a twelve month low of $20.31 and a twelve month high of $29.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.55 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Element Solutions had a net margin of 11.08% and a return on equity of 14.42%. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. During the same period last year, the business posted $0.36 EPS. Element Solutions’s revenue was up 7.6% compared to the same quarter last year. Equities analysts anticipate that Element Solutions will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ESI has been the subject of a number of recent research reports. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets upped their price target on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Barclays raised 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, October 30th. Finally, Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Element Solutions has an average rating of “Moderate Buy” and an average target price of $31.00.

About Element Solutions

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.