Element Solutions (NYSE:ESI) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Element Solutions (NYSE:ESI) announced 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. The business had revenue of $575.00 million for the quarter, compared to analysts’ expectations of $588.17 million. Element Solutions had a return on equity of 13.51% and a net margin of 5.06%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS.

Element Solutions Trading Up 1.2 %

Shares of ESI stock opened at $24.14 on Tuesday. Element Solutions has a 52-week low of $17.53 and a 52-week high of $25.81. The business’s fifty day moving average is $24.19 and its 200 day moving average is $22.31. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.43 and a current ratio of 3.24. The company has a market capitalization of $5.84 billion, a PE ratio of 49.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.32.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 annualized dividend and a dividend yield of 1.33%. Element Solutions’s payout ratio is currently 65.31%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ESI. Mizuho lifted their target price on shares of Element Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays boosted their target price on shares of Element Solutions from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, February 26th. The Goldman Sachs Group increased their target price on Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. UBS Group lifted their price target on Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Element Solutions presently has an average rating of “Moderate Buy” and an average price target of $26.00.

Insider Buying and Selling

In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $27,120.80. Following the sale, the executive vice president now owns 146,297 shares of the company’s stock, valued at approximately $3,394,090.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the completion of the transaction, the executive vice president now owns 146,297 shares of the company’s stock, valued at approximately $3,394,090.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Carey J. Dorman sold 1,410 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total transaction of $32,712.00. Following the sale, the chief financial officer now owns 177,113 shares in the company, valued at approximately $4,109,021.60. The disclosure for this sale can be found here. Insiders sold a total of 97,203 shares of company stock worth $2,255,110 over the last ninety days. 7.90% of the stock is owned by corporate insiders.

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.