Element Solutions Inc. (NYSE:ESI) Plans $0.08 Quarterly Dividend

Element Solutions Inc. (NYSE:ESI) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 1st will be given a dividend of 0.08 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 1st.

Element Solutions has increased its dividend payment by an average of 0.4%annually over the last three years. Element Solutions has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Element Solutions to earn $2.05 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 15.6%.

Element Solutions Price Performance

ESI opened at $40.50 on Thursday. The stock has a fifty day simple moving average of $37.30 and a two-hundred day simple moving average of $31.59. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 65.33, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27. Element Solutions has a 12-month low of $20.80 and a 12-month high of $45.51.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $840.00 million during the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. Research analysts predict that Element Solutions will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ESI shares. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a report on Wednesday. Mizuho increased their price objective on Element Solutions from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Seaport Research Partners reiterated a “buy” rating and issued a $49.00 price objective on shares of Element Solutions in a report on Tuesday, May 5th. Bank of America increased their price objective on Element Solutions from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, UBS Group increased their price objective on Element Solutions to $52.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $39.57.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.