Element Solutions (NYSE:ESI) Releases Earnings Results, Beats Expectations By $0.02 EPS

Element Solutions (NYSE:ESI) released its quarterly earnings results on Monday. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02, Briefing.com reports. Element Solutions had a return on equity of 13.51% and a net margin of 5.06%. The firm had revenue of $575.00 million for the quarter, compared to analyst estimates of $588.17 million. During the same period in the previous year, the company posted $0.30 EPS. Element Solutions’s revenue for the quarter was up .1% on a year-over-year basis.

Element Solutions Stock Performance

ESI traded down $0.32 during trading hours on Tuesday, hitting $23.83. 251,143 shares of the stock were exchanged, compared to its average volume of 1,320,070. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 49.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.32. The stock has a 50-day simple moving average of $24.19 and a 200-day simple moving average of $22.31. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.24 and a quick ratio of 2.43. Element Solutions has a 12 month low of $17.53 and a 12 month high of $25.81.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.34%. Element Solutions’s dividend payout ratio (DPR) is 65.31%.

Insider Buying and Selling at Element Solutions

In other news, CEO Benjamin Gliklich sold 6,579 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $152,632.80. Following the transaction, the chief executive officer now directly owns 726,399 shares in the company, valued at approximately $16,852,456.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Carey J. Dorman sold 14,774 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total transaction of $342,756.80. Following the completion of the transaction, the chief financial officer now directly owns 171,551 shares in the company, valued at approximately $3,979,983.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Benjamin Gliklich sold 6,579 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $152,632.80. Following the completion of the sale, the chief executive officer now directly owns 726,399 shares in the company, valued at $16,852,456.80. The disclosure for this sale can be found here. Insiders sold a total of 97,203 shares of company stock worth $2,255,110 over the last 90 days. Insiders own 7.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ESI. TheStreet raised shares of Element Solutions from a “c+” rating to a “b” rating in a research report on Tuesday, February 20th. StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Wolfe Research began coverage on Element Solutions in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. The Goldman Sachs Group raised their price objective on Element Solutions from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, March 5th. Finally, UBS Group upped their target price on Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Element Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

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.