Element Solutions (NYSE:ESI) Announces Earnings Results, Beats Estimates By $0.04 EPS

Element Solutions (NYSE:ESI) issued its quarterly earnings data on Monday. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.04, FiscalAI reports. The company had revenue of $977.90 million during the quarter, compared to the consensus estimate of $873.19 million. Element Solutions had a net margin of 5.67% and a return on equity of 15.05%. Element Solutions’s revenue for the quarter was up 56.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share.

Element Solutions Trading Down 4.0%

Shares of NYSE:ESI opened at $36.31 on Wednesday. The business’s 50-day moving average is $41.93 and its 200 day moving average is $37.09. Element Solutions has a 1 year low of $22.63 and a 1 year high of $49.25. The firm has a market capitalization of $8.85 billion, a P/E ratio of 49.07, a P/E/G ratio of 1.31 and a beta of 1.23. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions’s dividend payout ratio is currently 51.61%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ESI shares. UBS Group lifted their price target on Element Solutions to $52.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Mizuho restated a “neutral” rating and set a $45.00 price objective (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a report on Tuesday. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $43.00.

Institutional Investors Weigh In On Element Solutions

Several institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new position in shares of Element Solutions during the fourth quarter valued at about $28,000. Johnson Financial Group Inc. acquired a new stake in Element Solutions in the 3rd quarter worth approximately $47,000. Measured Wealth Private Client Group LLC purchased a new stake in Element Solutions during the 3rd quarter worth approximately $49,000. Quarry LP grew its position in Element Solutions by 27.3% during the 3rd quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after purchasing an additional 431 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Element Solutions by 38.6% during the 3rd quarter. Parallel Advisors LLC now owns 2,110 shares of the company’s stock valued at $53,000 after purchasing an additional 588 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

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.