Element Solutions Inc Announces Quarterly Dividend of $0.08 (NYSE:ESI)

Element Solutions Inc (NYSE:ESIGet Rating) announced a quarterly dividend on Thursday, May 19th, Zacks reports. Investors of record on Wednesday, June 1st will be given a dividend of 0.08 per share on Wednesday, June 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, May 31st.

Element Solutions has a payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Element Solutions to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 17.7%.

ESI opened at $20.17 on Friday. 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 firm has a market cap of $5.00 billion, a P/E ratio of 28.01, a PEG ratio of 0.82 and a beta of 1.37. Element Solutions has a 52 week low of $19.29 and a 52 week high of $26.92. The business’s fifty day simple moving average is $21.08 and its 200 day simple moving average is $22.77.

Element Solutions (NYSE:ESIGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company earned $0.37 EPS. As a group, equities analysts expect that Element Solutions will post 1.58 EPS for the current fiscal year.

A number of analysts have issued reports on ESI shares. Barclays decreased their price target on Element Solutions from $26.00 to $24.00 in a research note on Monday, May 2nd. StockNews.com started coverage on Element Solutions in a research note on Thursday, March 31st. They issued 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 target on the stock. in a research note on Tuesday, March 1st. Finally, CL King started coverage on Element Solutions in a report on Monday, January 24th. They issued a “buy” rating and a $28.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.91.

In related news, Director Nichelle Maynard-Elliott sold 9,141 shares of the firm’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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Element Solutions by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 20,627,823 shares of the company’s stock valued at $451,749,000 after purchasing an additional 984,222 shares in the last quarter. BlackRock Inc. grew its stake in Element Solutions by 16.8% during the 4th quarter. BlackRock Inc. now owns 12,242,924 shares of the company’s stock valued at $297,256,000 after purchasing an additional 1,764,339 shares in the last quarter. State Street Corp grew its stake in Element Solutions by 4.7% during the 1st quarter. State Street Corp now owns 3,469,647 shares of the company’s stock valued at $75,985,000 after purchasing an additional 157,147 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Element Solutions by 3.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,601,321 shares of the company’s stock valued at $35,069,000 after purchasing an additional 58,667 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Element Solutions by 88.0% during the 1st quarter. First Trust Advisors LP now owns 1,466,618 shares of the company’s stock valued at $32,119,000 after purchasing an additional 686,317 shares in the last quarter. Hedge funds and other institutional investors own 90.27% of the company’s stock.

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.

Further Reading

Dividend History for Element Solutions (NYSE:ESI)

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