Brokerages Expect Element Solutions Inc (NYSE:ESI) Will Post Earnings of $0.36 Per Share

Brokerages forecast that Element Solutions Inc (NYSE:ESIGet Rating) will announce earnings of $0.36 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Element Solutions’ earnings. The highest EPS estimate is $0.36 and the lowest is $0.35. Element Solutions reported earnings per share of $0.35 during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Element Solutions will report full-year earnings of $1.54 per share for the current year, with EPS estimates ranging from $1.53 to $1.54. For the next year, analysts anticipate that the business will report earnings of $1.79 per share, with EPS estimates ranging from $1.74 to $1.87. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Element Solutions.

Element Solutions (NYSE:ESIGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. Element Solutions had a return on equity of 13.82% and a net margin of 8.47%. During the same period in the previous year, the business earned $0.37 earnings per share.

ESI has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Element Solutions from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a research report on Tuesday, March 1st. CL King started coverage on Element Solutions in a research note on Monday, January 24th. They set a “buy” rating and a $28.00 price target on the stock. StockNews.com started coverage on Element Solutions in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley increased their target price on Element Solutions from $22.50 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 11th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.46.

NYSE:ESI opened at $20.62 on Wednesday. Element Solutions has a 12-month low of $19.29 and a 12-month high of $26.92. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42. The company’s 50-day moving average is $21.69 and its two-hundred day moving average is $23.02. The company has a current ratio of 2.93, a quick ratio of 2.26 and a debt-to-equity ratio of 0.76.

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. This represents a $0.32 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Monday, February 28th. Element Solutions’s payout ratio is currently 39.02%.

In other Element Solutions news, Director Nichelle Maynard-Elliott sold 9,141 shares of the company’s stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $22.67, for a total transaction of $207,226.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.90% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley raised its stake in shares of Element Solutions by 81.2% in the 2nd quarter. Morgan Stanley now owns 204,726 shares of the company’s stock valued at $4,787,000 after acquiring an additional 91,748 shares during the period. SG Americas Securities LLC raised its position in Element Solutions by 74.8% in the third quarter. SG Americas Securities LLC now owns 11,253 shares of the company’s stock valued at $244,000 after purchasing an additional 4,817 shares during the period. New York State Common Retirement Fund raised its position in Element Solutions by 4.4% in the third quarter. New York State Common Retirement Fund now owns 864,199 shares of the company’s stock valued at $18,736,000 after purchasing an additional 36,323 shares during the period. Raymond James & Associates lifted its stake in shares of Element Solutions by 17.8% during the third quarter. Raymond James & Associates now owns 250,321 shares of the company’s stock worth $5,427,000 after purchasing an additional 37,774 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Element Solutions by 3.5% in the third quarter. Treasurer of the State of North Carolina now owns 83,322 shares of the company’s stock worth $1,806,000 after buying an additional 2,809 shares during the period. Institutional investors own 90.05% of the company’s stock.

About Element Solutions (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.

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