What is Seaport Res Ptn’s Forecast for ESI FY2024 Earnings?

Element Solutions Inc (NYSE:ESIFree Report) – Investment analysts at Seaport Res Ptn decreased their FY2024 earnings per share estimates for shares of Element Solutions in a research report issued on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now forecasts that the company will post earnings per share of $1.44 for the year, down from their previous forecast of $1.45. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Element Solutions’ current full-year earnings is $1.45 per share. Seaport Res Ptn also issued estimates for Element Solutions’ Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.38 EPS and FY2025 earnings at $1.51 EPS.

Element Solutions (NYSE:ESIGet Free Report) last released its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $626.52 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis.

A number of other equities research analysts have also weighed in on the stock. BMO Capital Markets upped their target price on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Barclays raised their target price on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Bank of America reiterated a “neutral” rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Finally, StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.83.

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Element Solutions Stock Performance

ESI opened at $26.19 on Friday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.12 and a beta of 1.30. The company’s fifty day moving average price is $26.73 and its two-hundred day moving average price is $26.49. Element Solutions has a 1-year low of $21.42 and a 1-year high of $29.78. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78.

Hedge Funds Weigh In On Element Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC purchased a new position in Element Solutions in the third quarter valued at about $25,000. Quarry LP bought a new stake in shares of Element Solutions in the 2nd quarter worth approximately $31,000. Trust Co. of Vermont purchased a new position in Element Solutions in the fourth quarter valued at approximately $43,000. UMB Bank n.a. grew its holdings in Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after purchasing an additional 949 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after purchasing an additional 864 shares during the period. 92.32% of the stock is owned by hedge funds and other institutional investors.

Element Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, December 2nd. Element Solutions’s payout ratio is 28.83%.

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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