$0.37 Earnings Per Share Expected for Element Solutions Inc (NYSE:ESI) This Quarter

Brokerages predict that Element Solutions Inc (NYSE:ESIGet Rating) will post $0.37 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Element Solutions’ earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.36. Element Solutions posted earnings of $0.35 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5.7%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Element Solutions will report full-year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.60. For the next year, analysts forecast that the company will post earnings of $1.81 per share, with EPS estimates ranging from $1.76 to $1.90. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Element Solutions.

Element Solutions (NYSE:ESIGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. Element Solutions had a return on equity of 13.72% and a net margin of 7.00%. During the same period in the prior year, the company posted $0.37 earnings per share.

Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Element Solutions in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research lowered Element Solutions from a “buy” rating to a “hold” rating and set a $29.00 price objective for the company. in a report on Tuesday, March 1st. Barclays reduced their price objective on Element Solutions from $26.00 to $24.00 in a research report on Monday, May 2nd. Finally, CL King began coverage on Element Solutions in a report on Monday, January 24th. They issued a “buy” rating and a $28.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.91.

Shares of ESI stock traded down $0.06 during mid-day trading on Wednesday, hitting $20.74. 7,772 shares of the company’s stock were exchanged, compared to its average volume of 1,159,606. Element Solutions has a fifty-two week low of $19.29 and a fifty-two week high of $26.92. The stock has a 50-day simple moving average of $21.17 and a two-hundred day simple moving average of $22.84. The company has a quick ratio of 2.24, a current ratio of 3.04 and a debt-to-equity ratio of 0.75. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 0.84 and a beta of 1.37.

In other news, Director Nichelle Maynard-Elliott sold 9,141 shares of Element Solutions stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. 6.90% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in ESI. O Shaughnessy Asset Management LLC grew its position in shares of Element Solutions by 145.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,158 shares of the company’s stock valued at $25,000 after acquiring an additional 687 shares during the period. UMB Bank N A MO bought a new stake in shares of Element Solutions during the 4th quarter worth about $25,000. Prospera Financial Services Inc bought a new stake in shares of Element Solutions during the 1st quarter worth about $34,000. Ellevest Inc. boosted its holdings in shares of Element Solutions by 180.8% during the 4th quarter. Ellevest Inc. now owns 1,522 shares of the company’s stock worth $37,000 after buying an additional 980 shares during the period. Finally, Covestor Ltd bought a new stake in Element Solutions in the 4th quarter valued at about $52,000. 90.27% of the stock is owned by institutional investors.

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.

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