Element Solutions (NYSE:ESI) Announces Quarterly Earnings Results

Element Solutions (NYSE:ESI) posted its quarterly earnings data on Monday. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02, Briefing.com reports. Element Solutions had a net margin of 5.06% and a return on equity of 13.51%. The firm had revenue of $575.00 million during the quarter, compared to the consensus estimate of $588.17 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year.

Element Solutions Stock Down 1.6 %

Shares of ESI stock traded down $0.39 on Tuesday, reaching $23.76. 167,362 shares of the company were exchanged, compared to its average volume of 1,318,763. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.24 and a quick ratio of 2.43. The company has a 50-day moving average of $24.19 and a 200-day moving average of $22.31. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 49.27, a PEG ratio of 2.05 and a beta of 1.32. Element Solutions has a one year low of $17.53 and a one year high of $25.81.

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, February 29th. Element Solutions’s dividend payout ratio (DPR) is 65.31%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ESI shares. TheStreet upgraded Element Solutions from a “c+” rating to a “b” rating in a research note on Tuesday, February 20th. Mizuho upped their price target on shares of Element Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group raised their price objective on Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Wolfe Research began coverage on shares of Element Solutions in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Barclays increased their price objective on shares of Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.00.

Insider Activity at Element Solutions

In related news, EVP Michael Goralski sold 11,604 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 value of $269,212.80. Following the transaction, the executive vice president now directly owns 143,446 shares in the company, valued at approximately $3,327,947.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Element Solutions news, CFO Carey J. Dorman sold 1,410 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $32,712.00. Following the completion of the sale, the chief financial officer now directly owns 177,113 shares of the company’s stock, valued at approximately $4,109,021.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Goralski sold 11,604 shares of the firm’s 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 $269,212.80. Following the completion of the transaction, the executive vice president now owns 143,446 shares in the company, valued at approximately $3,327,947.20. The disclosure for this sale can be found here. Insiders sold 97,203 shares of company stock valued at $2,255,110 in the last three months. Corporate insiders own 7.90% of the company’s stock.

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.