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

Element Solutions Inc. (NYSE:ESI) declared a quarterly dividend on Friday, August 14th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.08 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, September 1st.

Element Solutions has increased its dividend by an average of 0.4%annually over the last three years. Element Solutions has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Element Solutions to earn $2.11 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 15.2%.

Element Solutions Stock Down 4.4%

ESI stock opened at $34.93 on Friday. Element Solutions has a twelve month low of $22.86 and a twelve month high of $49.25. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average is $39.43 and its 200-day moving average is $38.32. The firm has a market capitalization of $8.51 billion, a PE ratio of 47.20, a P/E/G ratio of 1.20 and a beta of 1.26.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The company had revenue of $977.90 million for the quarter, compared to analyst estimates of $873.19 million. During the same period last year, the firm earned $0.20 earnings per share. The firm’s revenue was up 56.4% on a year-over-year basis. Sell-side analysts expect that Element Solutions will post 1.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ESI. BMO Capital Markets reaffirmed an “outperform” rating on shares of Element Solutions in a research report on Tuesday, July 28th. Truist Financial lifted their price objective on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Seaport Research Partners reissued a “buy” rating and set a $49.00 target price on shares of Element Solutions in a report on Tuesday, May 5th. Weiss Ratings raised Element Solutions from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Finally, William Blair set a $48.00 price target on Element Solutions in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $44.00.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.