Element Solutions (NYSE:ESI) Issues Earnings Results

Element Solutions (NYSE:ESI) posted its quarterly earnings results 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 return on equity of 14.02% and a net margin of 5.62%. 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 business earned $0.30 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year.

Element Solutions Price Performance

ESI opened at $23.13 on Wednesday. The company has a quick ratio of 2.43, a current ratio of 3.24 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $5.60 billion, a P/E ratio of 42.82, a PEG ratio of 2.08 and a beta of 1.32. Element Solutions has a 12-month low of $17.53 and a 12-month high of $25.81. The stock has a fifty day moving average of $24.19 and a 200-day moving average of $22.34.

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 paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 29th. Element Solutions’s dividend payout ratio is presently 59.26%.

Analyst Ratings Changes

A number of research firms have issued reports on ESI. TheStreet raised Element Solutions from a “c+” rating to a “b” rating in a research report on Tuesday, February 20th. Barclays boosted their price target on Element Solutions from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Wolfe Research began coverage on Element Solutions in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, Mizuho increased their price target on Element Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.00.

Insiders Place Their Bets

In related news, EVP Michael Goralski sold 1,169 shares of Element Solutions stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $27,120.80. Following the sale, the executive vice president now directly owns 146,297 shares of the company’s stock, valued at $3,394,090.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 shares were sold at an average price of $23.20, for a total transaction of $27,120.80. Following the completion of the transaction, the executive vice president now owns 146,297 shares in the company, valued at $3,394,090.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Carey J. Dorman sold 1,410 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 transaction of $32,712.00. Following the transaction, the chief financial officer now owns 177,113 shares of the company’s stock, valued at approximately $4,109,021.60. The disclosure for this sale can be found here. Insiders have sold 97,203 shares of company stock valued at $2,255,110 over the last three months. 7.90% of the stock is currently owned by 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.