Element Solutions (NYSE:ESI) Releases Earnings Results, Hits Estimates

Element Solutions (NYSE:ESI) posted its quarterly earnings data on Tuesday. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35, Zacks reports. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%.

Element Solutions Stock Performance

Shares of ESI traded up $0.20 during mid-day trading on Tuesday, reaching $26.33. The company’s stock had a trading volume of 2,180,269 shares, compared to its average volume of 1,370,128. Element Solutions has a 1-year low of $21.42 and a 1-year high of $29.78. The stock has a market cap of $6.37 billion, a P/E ratio of 23.72, a PEG ratio of 2.17 and a beta of 1.30. The business has a 50-day simple moving average of $25.81 and a two-hundred day simple moving average of $26.30. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.08 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.22%. Element Solutions’s payout ratio is 28.83%.

Analyst Ratings Changes

ESI has been the subject of a number of research reports. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. BMO Capital Markets increased their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Truist Financial assumed coverage on Element Solutions in a research note on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price target for the company. Finally, Bank of America restated a “neutral” rating and issued a $28.00 price target (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

About Element Solutions

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.