Element Solutions (NYSE:ESI) Posts Earnings Results, Beats Estimates By $0.02 EPS

Element Solutions (NYSE:ESI) issued its earnings results on Wednesday. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02, FiscalAI reports. The business had revenue of $995.30 million for the quarter, compared to the consensus estimate of $964.23 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%.

Element Solutions Stock Up 1.7%

Shares of ESI stock traded up $0.60 on Wednesday, hitting $36.27. The stock had a trading volume of 3,963,877 shares, compared to its average volume of 3,789,878. The stock’s 50 day moving average is $35.69 and its 200-day moving average is $38.90. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 49.01, a P/E/G ratio of 1.32 and a beta of 1.26. Element Solutions has a 52-week low of $22.86 and a 52-week high of $49.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.11 and a current ratio of 2.91.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.08 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. Element Solutions’s dividend payout ratio is 43.24%.

Wall Street Analysts Forecast Growth

ESI has been the subject of several recent research reports. Freedom Capital upgraded Element Solutions from a “hold” rating to a “strong-buy” rating in a report on Friday, August 28th. Barclays began coverage on Element Solutions in a research report on Monday, October 12th. They issued an “overweight” rating and a $53.00 price objective on the stock. Wolfe Research set a $47.00 price objective on Element Solutions in a research note on Wednesday, July 29th. William Blair set a $48.00 target price on Element Solutions in a research report on Friday, August 28th. Finally, Mizuho decreased their target price on Element Solutions from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $46.18.

About Element Solutions

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.

Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.