Element Solutions Inc (NYSE:ESI) Plans Quarterly Dividend of $0.08

Element Solutions Inc (NYSE:ESI) declared a quarterly dividend on Wednesday, February 12th, RTT News reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.08 per share on Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, March 3rd.

Element Solutions has raised its dividend by an average of 8.6% per year over the last three years. Element Solutions has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Element Solutions to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 19.4%.

Element Solutions Stock Up 0.7 %

Shares of Element Solutions stock opened at $26.12 on Friday. The company has a market cap of $6.33 billion, a P/E ratio of 25.61, a PEG ratio of 2.30 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. Element Solutions has a one year low of $23.09 and a one year high of $29.78. The firm has a fifty day moving average of $25.78 and a two-hundred day moving average of $26.38.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. On average, analysts forecast that Element Solutions will post 1.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ESI has been the topic of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Bank of America reaffirmed a “neutral” rating and set a $28.00 price target (down from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Barclays lowered their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Truist Financial initiated coverage on shares of Element Solutions in a research note on Tuesday, January 28th. They set a “hold” rating and a $28.00 price target on the stock. Finally, StockNews.com raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.14.

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.