Element Solutions (ESI) Projected to Post Quarterly Earnings on Wednesday

Element Solutions (NYSE:ESI) is expected to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Element Solutions to post earnings of $0.33 per share and revenue of $576.73 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Element Solutions (NYSE:ESI) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The business had revenue of $624.20 million for the quarter, compared to the consensus estimate of $598.24 million. On average, analysts expect Element Solutions to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Element Solutions Stock Performance

NYSE:ESI opened at $18.94 on Monday. Element Solutions has a fifty-two week low of $16.77 and a fifty-two week high of $29.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34. The company has a 50 day moving average price of $23.51 and a 200 day moving average price of $25.50. The stock has a market capitalization of $4.59 billion, a P/E ratio of 18.56, a PEG ratio of 2.30 and a beta of 1.28.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.69%. Element Solutions’s payout ratio is presently 31.37%.

Insider Activity

In other news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total value of $52,200,000.00. Following the transaction, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. This represents a 94.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ESI has been the subject of a number of research analyst reports. Barclays lowered their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, January 27th. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. KeyCorp reduced their target price on shares of Element Solutions from $29.00 to $28.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Truist Financial raised shares of Element Solutions from a “hold” rating to a “buy” rating and decreased their price target for the company from $28.00 to $24.00 in a research report on Monday, April 14th. Finally, Bank of America raised Element Solutions from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $29.00 to $24.00 in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.88.

Element Solutions Company Profile

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.