Seaport Res Ptn Issues Pessimistic Estimate for ESI Earnings

Element Solutions Inc (NYSE:ESI) – Analysts at Seaport Res Ptn reduced their FY2024 earnings estimates for shares of Element Solutions in a research note issued to investors 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 estimate of $1.45. Seaport Res Ptn 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.

Several other brokerages have also recently commented on ESI. BMO Capital Markets boosted their price objective on shares of Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays increased their price objective on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $30.83.

Element Solutions Trading Up 0.2 %

Shares of ESI opened at $26.19 on Friday. Element Solutions has a twelve month low of $21.42 and a twelve month high of $29.78. The stock has a market cap of $6.34 billion, a PE ratio of 23.59, a P/E/G ratio of 2.12 and a beta of 1.30. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $26.73 and its 200-day moving average price is $26.49.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share.

Element Solutions Announces Dividend

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

Hedge Funds Weigh In On Element Solutions

Several institutional investors have recently modified their holdings of ESI. True Wealth Design LLC bought a new stake in Element Solutions in the 3rd quarter worth approximately $25,000. Quarry LP purchased a new position in shares of Element Solutions during the second quarter worth approximately $31,000. Trust Co. of Vermont purchased a new stake in shares of Element Solutions in the 4th quarter valued at $43,000. UMB Bank n.a. boosted its stake in shares of Element Solutions by 98.8% in the 4th 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 in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Element Solutions by 39.4% during the 2nd 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 last quarter. 92.32% of the stock is currently owned by institutional investors.

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.