Element Solutions Inc Plans Quarterly Dividend of $0.08 (NYSE:ESI)

Element Solutions Inc (NYSE:ESI) declared a quarterly dividend on Tuesday, August 20th, Wall Street Journal reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.08 per share on Friday, September 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, August 30th.

Element Solutions has increased its dividend by an average of 85.7% annually over the last three years. Element Solutions has a payout ratio of 19.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Element Solutions to earn $1.68 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 19.0%.

Element Solutions Trading Up 1.1 %

Shares of NYSE ESI traded up $0.28 during midday trading on Thursday, reaching $26.51. 44,035 shares of the stock were exchanged, compared to its average volume of 1,371,766. The business has a 50-day simple moving average of $26.47 and a two-hundred day simple moving average of $25.00. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 48.57, a P/E/G ratio of 1.20 and a beta of 1.31. Element Solutions has a 12 month low of $17.57 and a 12 month high of $28.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The business had revenue of $613.00 million for the quarter, compared to analyst estimates of $606.95 million. During the same period last year, the business posted $0.31 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts expect that Element Solutions will post 1.45 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group lifted their price target on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 24th. StockNews.com upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group boosted their price objective on shares of Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. Mizuho boosted their price objective on shares of Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 target price (up previously from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.40.

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.