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

Element Solutions (NYSE:ESI) announced its quarterly earnings results on Monday. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01, Briefing.com reports. The company had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS.

Element Solutions Stock Up 3.8 %

Shares of Element Solutions stock opened at $27.69 on Wednesday. The firm has a market cap of $6.70 billion, a PE ratio of 51.28, a P/E/G ratio of 1.53 and a beta of 1.29. The business’s 50 day simple moving average is $25.98 and its 200 day simple moving average is $25.57. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.60 and a current ratio of 3.50. Element Solutions has a 52-week low of $17.76 and a 52-week high of $28.68.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, August 30th. Element Solutions’s dividend payout ratio is presently 59.26%.

Analyst Ratings Changes

Several research firms have weighed in on ESI. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a research report on Monday, October 14th. Finally, Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.