Wall Street brokerages expect Element Solutions Inc (NYSE:ESI – Get Rating) to announce $673.98 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Element Solutions’ earnings, with the lowest sales estimate coming in at $672.95 million and the highest estimate coming in at $675.00 million. Element Solutions reported sales of $586.60 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.9%. The business is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Element Solutions will report full-year sales of $2.71 billion for the current fiscal year, with estimates ranging from $2.69 billion to $2.72 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.84 billion, with estimates ranging from $2.76 billion to $2.93 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Element Solutions.
Element Solutions (NYSE:ESI – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. Element Solutions had a net margin of 8.47% and a return on equity of 13.82%. During the same period last year, the business earned $0.37 EPS.
In related news, Director Nichelle Maynard-Elliott sold 9,141 shares of Element Solutions stock in a transaction on Friday, March 18th. The shares were sold at an average price of $22.67, for a total value of $207,226.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its holdings in shares of Element Solutions by 145.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,158 shares of the company’s stock worth $25,000 after purchasing an additional 687 shares during the period. UMB Bank N A MO bought a new position in shares of Element Solutions during the 4th quarter worth about $25,000. Ellevest Inc. boosted its position in shares of Element Solutions by 180.8% during the 4th quarter. Ellevest Inc. now owns 1,522 shares of the company’s stock valued at $37,000 after acquiring an additional 980 shares in the last quarter. Covestor Ltd acquired a new stake in shares of Element Solutions during the 4th quarter valued at about $52,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Element Solutions during the 4th quarter valued at about $67,000. Institutional investors own 90.05% of the company’s stock.
Element Solutions stock opened at $21.30 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.26 and a current ratio of 2.93. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42. Element Solutions has a 1 year low of $19.29 and a 1 year high of $26.92. The firm’s 50 day moving average price is $21.75 and its two-hundred day moving average price is $23.03.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were issued a $0.08 dividend. The ex-dividend date was Monday, February 28th. This represents a $0.32 annualized dividend and a yield of 1.50%. Element Solutions’s dividend payout ratio (DPR) is presently 39.02%.
Element Solutions Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Element Solutions (ESI)
- There’s An Institutional Floor In Keurig Dr. Pepper
- Ford Falls Despite Optimistic Outlook
- Harley-Davidson Skids Into A Buying Opportunity
- Facebook (NASDAQ: FB) Soars And Wall Street Delights
- Automatic Data Processing Is Ready To Scale New Heights
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Element Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Element Solutions and related companies with MarketBeat.com's FREE daily email newsletter.