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

Element Solutions (NYSE:ESI) released its quarterly earnings data on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02, FiscalAI reports. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%. The company had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $964.23 million. During the same period last year, the firm posted $0.41 earnings per share. The business’s revenue was up 51.7% on a year-over-year basis.

Element Solutions Stock Performance

NYSE ESI opened at $36.27 on Thursday. The firm’s 50 day simple moving average is $35.65 and its 200 day simple moving average is $38.92. 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. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73. Element Solutions has a 1 year low of $22.86 and a 1 year high of $49.25.

Element Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.08 per share. 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 (DPR) is currently 43.24%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ESI. Barclays initiated coverage on Element Solutions in a research note on Monday, October 12th. They issued an “overweight” rating and a $53.00 price target on the stock. UBS Group increased their price objective on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Weiss Ratings lowered shares of Element Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. William Blair set a $48.00 target price on Element Solutions in a research report on Friday, August 28th. Finally, Wolfe Research set a $47.00 price objective on Element Solutions in a report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $46.36.

Element Solutions Company Profile

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.