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

by · The Markets Daily

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

Element Solutions Price Performance

Shares of Element Solutions stock traded up $1.18 during trading on Tuesday, hitting $27.85. 580,368 shares of the company’s stock traded hands, compared to its average volume of 1,376,072. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60. The firm’s fifty day moving average price is $25.93 and its 200 day moving average price is $25.54. Element Solutions has a twelve month low of $17.76 and a twelve month high of $28.68. The company has a market cap of $6.74 billion, a PE ratio of 51.09, a PEG ratio of 1.53 and a beta of 1.29.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.15%. Element Solutions’s dividend payout ratio (DPR) is currently 59.26%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ESI. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

Read Our Latest Research Report on Element Solutions

Element Solutions Company Profile

(Get Free Report)

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.

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