Wall Street analysts predict that Element Solutions Inc (NYSE:ESI – Get Rating) will announce $676.41 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Element Solutions’ earnings. The highest sales estimate is $680.31 million and the lowest is $672.50 million. Element Solutions reported sales of $586.60 million in the same quarter last year, which indicates a positive year over year growth rate of 15.3%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Element Solutions will report full year sales of $2.74 billion for the current financial year, with estimates ranging from $2.72 billion to $2.75 billion. For the next year, analysts expect that the business will report sales of $2.87 billion, with estimates ranging from $2.82 billion to $2.93 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Element Solutions.
Element Solutions (NYSE:ESI – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. Element Solutions had a net margin of 7.00% and a return on equity of 13.72%. During the same period in the previous year, the firm posted $0.37 EPS.
In other Element Solutions news, Director Nichelle Maynard-Elliott sold 9,141 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Morgan Stanley raised its holdings in shares of Element Solutions by 81.2% during the second quarter. Morgan Stanley now owns 204,726 shares of the company’s stock worth $4,787,000 after acquiring an additional 91,748 shares in the last quarter. SG Americas Securities LLC grew its holdings in Element Solutions by 74.8% during the 3rd quarter. SG Americas Securities LLC now owns 11,253 shares of the company’s stock worth $244,000 after acquiring an additional 4,817 shares during the period. Deutsche Bank AG grew its holdings in Element Solutions by 34.2% during the 3rd quarter. Deutsche Bank AG now owns 32,536 shares of the company’s stock worth $706,000 after acquiring an additional 8,289 shares during the period. Advisor Group Holdings Inc. grew its holdings in Element Solutions by 20.0% during the 3rd quarter. Advisor Group Holdings Inc. now owns 17,046 shares of the company’s stock worth $370,000 after acquiring an additional 2,842 shares during the period. Finally, Barclays PLC grew its holdings in shares of Element Solutions by 41.9% in the 3rd quarter. Barclays PLC now owns 12,027 shares of the company’s stock valued at $261,000 after buying an additional 3,549 shares during the period. Institutional investors and hedge funds own 90.27% of the company’s stock.
Shares of ESI opened at $19.93 on Friday. The company has a 50 day simple moving average of $21.10 and a two-hundred day simple moving average of $22.80. Element Solutions has a 1 year low of $19.29 and a 1 year high of $26.92. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.04 and a quick ratio of 2.24. The firm has a market cap of $4.94 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.
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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