Element Solutions (NYSE:ESI) Announces Earnings Results

Element Solutions (NYSE:ESI) announced its quarterly earnings data on Monday. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01, Briefing.com reports. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. During the same quarter in the prior year, the company posted $0.36 EPS. The business’s revenue was up 7.6% on a year-over-year basis.

Element Solutions Stock Up 3.8 %

Shares of ESI opened at $27.69 on Wednesday. The company has a market capitalization of $6.70 billion, a P/E ratio of 51.28, a PEG ratio of 1.53 and a beta of 1.29. Element Solutions has a one year low of $17.76 and a one year high of $28.68. The business’s 50 day simple moving average is $25.93 and its 200-day simple moving average is $25.54. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s payout ratio is 59.26%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Finally, Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.