Element Solutions Inc Forecasted to Earn Q2 2024 Earnings of $0.33 Per Share (NYSE:ESI)

Element Solutions Inc (NYSE:ESIFree Report) – Analysts at Zacks Research lowered their Q2 2024 earnings estimates for shares of Element Solutions in a note issued to investors on Monday, May 20th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.36. The consensus estimate for Element Solutions’ current full-year earnings is $1.38 per share. Zacks Research also issued estimates for Element Solutions’ Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $1.38 EPS, Q3 2025 earnings at $0.39 EPS, FY2025 earnings at $1.54 EPS and Q1 2026 earnings at $0.42 EPS.

Several other analysts have also issued reports on ESI. Wolfe Research started coverage on Element Solutions in a report on Friday, March 1st. They set a “peer perform” rating on the stock. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. TheStreet raised shares of Element Solutions from a “c+” rating to a “b” rating in a research note on Tuesday, February 20th. Mizuho upped their price target on shares of Element Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Barclays lifted their price objective on shares of Element Solutions from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Check Out Our Latest Report on ESI

Element Solutions Trading Down 1.2 %

Element Solutions stock opened at $23.84 on Tuesday. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 44.15, a P/E/G ratio of 1.87 and a beta of 1.32. The firm has a 50-day moving average of $24.24 and a 200-day moving average of $22.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.63 and a quick ratio of 2.69. Element Solutions has a one year low of $17.57 and a one year high of $25.81.

Element Solutions (NYSE:ESIGet Free Report) last announced its earnings results on Monday, April 29th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The business had revenue of $575.00 million during the quarter, compared to analysts’ expectations of $588.17 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The firm’s revenue was up .1% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ESI. EverSource Wealth Advisors LLC boosted its holdings in shares of Element Solutions by 85.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,318 shares of the company’s stock worth $26,000 after acquiring an additional 608 shares during the period. Richardson Financial Services Inc. bought a new stake in Element Solutions in the 4th quarter valued at $27,000. SRS Capital Advisors Inc. grew its holdings in Element Solutions by 370.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,623 shares of the company’s stock valued at $38,000 after buying an additional 1,278 shares in the last quarter. CWM LLC increased its position in Element Solutions by 95.9% during the 4th quarter. CWM LLC now owns 1,810 shares of the company’s stock worth $42,000 after buying an additional 886 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of Element Solutions by 1,585.0% during the fourth quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $47,000 after buying an additional 1,902 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Element Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, May 31st. Element Solutions’s dividend payout ratio is presently 59.26%.

About Element Solutions

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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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Earnings History and Estimates for Element Solutions (NYSE:ESI)

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