Element Solutions (NYSE:ESI) Issues Earnings Results, Beats Estimates By $0.01 EPS

Element Solutions (NYSE:ESI) posted its quarterly earnings results on Monday. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01, Briefing.com reports. Element Solutions had a return on equity of 14.54% and a net margin of 8.24%. The company had revenue of $613.00 million for the quarter, compared to analysts’ expectations of $606.95 million. During the same period in the previous year, the firm earned $0.31 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year.

Element Solutions Trading Up 3.2 %

NYSE:ESI traded up $0.84 during midday trading on Wednesday, hitting $26.95. 2,708,706 shares of the company traded hands, compared to its average volume of 1,408,479. The firm’s fifty day moving average is $26.16 and its 200-day moving average is $24.57. The firm has a market capitalization of $6.52 billion, a P/E ratio of 50.06, a P/E/G ratio of 1.31 and a beta of 1.31. The company has a current ratio of 3.63, a quick ratio of 2.69 and a debt-to-equity ratio of 0.82. Element Solutions has a 12-month low of $17.57 and a 12-month high of $28.68.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.08 per share. The ex-dividend date was Friday, May 31st. This represents a $0.32 annualized dividend and a yield of 1.19%. Element Solutions’s payout ratio is presently 59.26%.

Wall Street Analyst Weigh In

ESI has been the topic of a number of research analyst reports. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. BMO Capital Markets reaffirmed an “outperform” rating and set a $30.00 price objective (up from $28.00) on shares of Element Solutions in a report on Wednesday, June 12th. Mizuho upped their price objective on Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. UBS Group upped their price objective on Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, The Goldman Sachs Group upped their price objective on Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and an average target price of $29.40.

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.