Element Solutions (ESI) Scheduled to Post Earnings on Monday

Element Solutions (NYSE:ESI) is scheduled to be announcing its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $613.00 million for the quarter, compared to analysts’ expectations of $606.95 million. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. Element Solutions’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, analysts expect Element Solutions to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Element Solutions Price Performance

Shares of NYSE:ESI opened at $26.98 on Friday. The business’s fifty day moving average price is $25.91 and its two-hundred day moving average price is $25.53. The stock has a market cap of $6.53 billion, a PE ratio of 49.95, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.60 and a current ratio of 3.50. Element Solutions has a one year low of $17.76 and a one year high of $28.68.

Element Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, August 30th. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

Analyst Ratings Changes

ESI has been the topic of a number of analyst reports. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.40.

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.