Element Solutions Inc. (NYSE:ESI) Given Consensus Rating of “Buy” by Brokerages

Element Solutions Inc. (NYSE:ESI) has received a consensus rating of “Buy” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $43.50.

Several equities analysts recently commented on the company. UBS Group raised their target price on Element Solutions to $52.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Truist Financial increased their price objective on Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Wolfe Research set a $47.00 price objective on Element Solutions in a report on Wednesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. Finally, Wall Street Zen raised shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th.

Element Solutions Stock Performance

NYSE:ESI opened at $39.26 on Tuesday. The firm has a market capitalization of $9.57 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 1.34 and a beta of 1.26. The company has a quick ratio of 2.11, a current ratio of 2.91 and a debt-to-equity ratio of 0.73. Element Solutions has a 12-month low of $22.86 and a 12-month high of $49.25. The firm has a 50-day moving average price of $40.88 and a 200 day moving average price of $37.98.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.The company had revenue of $977.90 million for the quarter, compared to the consensus estimate of $873.19 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s quarterly revenue was up 56.4% on a year-over-year basis. Research analysts anticipate that Element Solutions will post 1.81 earnings per share for the current fiscal year.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Element Solutions’s dividend payout ratio is currently 43.24%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Element Solutions in the 2nd quarter worth approximately $1,317,663,000. Bank of New York Mellon Corp acquired a new stake in Element Solutions during the 2nd quarter valued at $110,892,000. Invesco Ltd. raised its position in Element Solutions by 43.6% in the 4th quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock valued at $176,660,000 after purchasing an additional 2,146,512 shares during the last quarter. Scopus Asset Management L.P. raised its position in Element Solutions by 134.6% in the 2nd quarter. Scopus Asset Management L.P. now owns 3,426,156 shares of the company’s stock valued at $77,602,000 after purchasing an additional 1,965,691 shares during the last quarter. Finally, Jain Global LLC boosted its stake in Element Solutions by 253.3% in the fourth quarter. Jain Global LLC now owns 2,127,297 shares of the company’s stock worth $53,161,000 after purchasing an additional 1,525,195 shares in the last quarter. Institutional investors own 92.32% of the company’s stock.

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.