Element Solutions (NYSE:ESI) Posts Earnings Results, Hits Estimates

Element Solutions (NYSE:ESI) announced its earnings results on Tuesday. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35, Zacks reports. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%.

Element Solutions Stock Up 0.7 %

Shares of NYSE:ESI traded up $0.20 during trading on Tuesday, reaching $26.33. 2,180,269 shares of the stock were exchanged, compared to its average volume of 1,370,128. The stock has a fifty day moving average of $25.81 and a two-hundred day moving average of $26.30. Element Solutions has a 1-year low of $21.42 and a 1-year high of $29.78. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.52 and a quick ratio of 2.77. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 1.22%. Element Solutions’s dividend payout ratio is 28.83%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ESI shares. Wolfe Research upgraded shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 25th. Barclays cut their price target on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Bank of America restated a “neutral” rating and set a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Finally, Truist Financial initiated coverage on Element Solutions in a report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.14.

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.