Element Solutions (NYSE:ESI) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Element Solutions (NYSE:ESI) 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

A number of equities analysts have weighed in on the company. Mizuho boosted their target price on Element Solutions from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. UBS Group boosted their price objective on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a report on Monday, June 24th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 target price (up previously from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. Finally, The Goldman Sachs Group increased their price target on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. Three equities research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.40.

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.