Element Solutions (NYSE:ESI) Posts Earnings Results, Beats Estimates By $0.02 EPS

Element Solutions (NYSE:ESI) announced its quarterly earnings results on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02, FiscalAI reports. The business had revenue of $995.30 million during the quarter, compared to the consensus estimate of $964.23 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%.

Element Solutions Price Performance

ESI traded up $0.60 during midday trading on Wednesday, reaching $36.27. 3,962,293 shares of the company’s stock were exchanged, compared to its average volume of 3,789,878. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11. The stock has a market capitalization of $8.84 billion, a PE ratio of 49.01, a P/E/G ratio of 1.32 and a beta of 1.26. The business’s 50-day moving average price is $35.69 and its 200 day moving average price is $38.90. Element Solutions has a 1-year low of $22.86 and a 1-year high of $49.25.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. Element Solutions’s payout ratio is presently 43.24%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ESI. Barclays started coverage on shares of Element Solutions in a report on Monday, October 12th. They set an “overweight” rating and a $53.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Element Solutions in a report on Wednesday, September 2nd. They issued a “buy” rating and a $55.00 target price for the company. Bank of America started coverage on shares of Element Solutions in a report on Tuesday, September 1st. They issued a “buy” rating and a $42.00 target price for the company. William Blair set a $48.00 price target on shares of Element Solutions in a research report on Friday, August 28th. Finally, Freedom Capital raised Element Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $46.18.

About Element Solutions

Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.

Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.