Element Solutions (ESI) to Release Quarterly Earnings on Monday

Element Solutions (NYSE:ESI) will be issuing its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The firm had revenue of $573.40 million for the quarter, compared to analysts’ expectations of $590.43 million. Element Solutions had a net margin of 5.06% and a return on equity of 13.51%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. 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 Element Solutions stock opened at $23.85 on Friday. The company has a current ratio of 3.24, a quick ratio of 2.43 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 48.67, a P/E/G ratio of 2.04 and a beta of 1.32. Element Solutions has a 1-year low of $17.08 and a 1-year high of $25.81. The firm’s 50-day moving average price is $24.19 and its two-hundred day moving average price is $22.26.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 1.34%. Element Solutions’s dividend payout ratio is 65.31%.

Insider Activity at Element Solutions

In related news, CEO Benjamin Gliklich sold 61,667 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total value of $1,430,674.40. Following the transaction, the chief executive officer now directly owns 704,395 shares in the company, valued at $16,341,964. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Element Solutions news, CFO Carey J. Dorman sold 14,774 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total value of $342,756.80. Following the sale, the chief financial officer now directly owns 171,551 shares in the company, valued at $3,979,983.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Benjamin Gliklich sold 61,667 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total transaction of $1,430,674.40. Following the completion of the sale, the chief executive officer now owns 704,395 shares in the company, valued at $16,341,964. The disclosure for this sale can be found here. Insiders have sold 97,203 shares of company stock worth $2,255,110 over the last ninety days. Company insiders own 7.90% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Mizuho decreased their price target on shares of Element Solutions from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Wolfe Research began coverage on shares of Element Solutions in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, UBS Group increased their price target on shares of Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Element Solutions presently has an average rating of “Moderate Buy” and an average price target of $25.60.

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.