Element Solutions (NYSE:ESI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Element Solutions (NYSE:ESI) posted its quarterly earnings results on Monday. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01, Briefing.com reports. The business had revenue of $645.00 million for 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 firm’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 Trading Down 0.5 %

Shares of ESI stock traded down $0.13 during trading hours on Wednesday, hitting $27.56. 1,420,949 shares of the company’s stock traded hands, compared to its average volume of 1,384,074. The stock’s 50 day simple moving average is $25.98 and its 200 day simple moving average is $25.57. The stock has a market cap of $6.67 billion, a PE ratio of 51.04, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29. Element Solutions has a 12 month low of $17.76 and a 12 month high of $28.68. 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 declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s payout ratio is currently 59.26%.

Analysts Set New Price Targets

ESI has been the topic of several analyst reports. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. BMO Capital Markets raised their target price on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Finally, Barclays raised their target price on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday. Two equities research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.