Element Solutions (NYSE:ESI – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01, Briefing.com reports. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. The firm had revenue of $613.00 million for the quarter, compared to analysts’ expectations of $606.95 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis.
Element Solutions Stock Performance
Shares of NYSE:ESI traded down $0.39 during midday trading on Tuesday, hitting $26.53. The company had a trading volume of 451,497 shares, compared to its average volume of 1,389,076. Element Solutions has a 12-month low of $17.57 and a 12-month high of $28.68. The company has a fifty day moving average of $26.12 and a two-hundred day moving average of $24.54. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 49.78, a PEG ratio of 1.31 and a beta of 1.30. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.63 and a quick ratio of 2.69.
Element Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, May 31st. Element Solutions’s dividend payout ratio is presently 59.26%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Element Solutions
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.
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