Element Solutions Inc. (ESI) To Go Ex-Dividend on June 1st

Element Solutions Inc. (NYSE:ESI) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.08 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 1st.

Element Solutions has raised its dividend payment by an average of 0.4%annually over the last three years. Element Solutions has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Element Solutions to earn $2.05 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 15.6%.

Element Solutions Stock Down 0.5%

Shares of Element Solutions stock opened at $40.34 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. The business’s 50 day simple moving average is $37.46 and its 200-day simple moving average is $31.69. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of 65.06, a PEG ratio of 1.41 and a beta of 1.27. Element Solutions has a twelve month low of $20.80 and a twelve month high of $45.51.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $840.00 million for the quarter, compared to analysts’ expectations of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The business’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. Equities research analysts forecast that Element Solutions will post 1.78 earnings per share for the current year.

Hedge Funds Weigh In On Element Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. grew its holdings in Element Solutions by 151.0% in the 1st quarter. Assetmark Inc. now owns 778 shares of the company’s stock worth $27,000 after buying an additional 468 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Element Solutions during the 4th quarter valued at $28,000. Community Bank N.A. bought a new position in Element Solutions during the 3rd quarter valued at $33,000. Aster Capital Management DIFC Ltd bought a new position in Element Solutions during the 3rd quarter valued at $41,000. Finally, Johnson Financial Group Inc. bought a new position in Element Solutions during the 3rd quarter valued at $47,000. 92.32% of the stock is owned by institutional investors.

About Element Solutions

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.