Element Solutions (ESI) Projected to Post Quarterly Earnings on Wednesday

Element Solutions (NYSE:ESI) is projected to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Element Solutions to post earnings of $0.33 per share and revenue of $576.73 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $624.20 million during the quarter, compared to the consensus estimate of $598.24 million. On average, analysts expect Element Solutions to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Element Solutions Stock Down 0.8 %

Shares of NYSE ESI opened at $18.73 on Wednesday. Element Solutions has a 52 week low of $16.77 and a 52 week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.34 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $23.91 and a 200 day moving average price of $25.68. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.71%. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.

Wall Street Analyst Weigh In

ESI has been the topic of several recent research reports. Truist Financial raised Element Solutions from a “hold” rating to a “buy” rating and reduced their price target for the stock from $28.00 to $24.00 in a research report on Monday. Bank of America upgraded Element Solutions from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $29.00 to $24.00 in a research report on Tuesday. UBS Group lowered their price target on Element Solutions from $31.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday. KeyCorp reduced their price objective on Element Solutions from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Barclays lowered their target price on shares of Element Solutions from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.88.

Insider Buying and Selling at Element Solutions

In other news, Director Martin E. Franklin sold 2,000,000 shares of Element Solutions stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the sale, the director now owns 109,100 shares of the company’s stock, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.90% of the stock is currently owned by company insiders.

Element Solutions Company Profile

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.