Element Solutions (NYSE:ESI) Issues Quarterly Earnings Results, Hits Expectations

Element Solutions (NYSE:ESI) issued its quarterly earnings data on Tuesday. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35, Zacks reports. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%.

Element Solutions Trading Up 0.7 %

Shares of ESI stock traded up $0.20 during trading hours on Tuesday, hitting $26.33. 2,180,269 shares of the company’s stock traded hands, compared to its average volume of 1,370,128. The stock has a market cap of $6.37 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 2.17 and a beta of 1.30. The stock’s 50 day simple moving average is $25.81 and its 200 day simple moving average is $26.30. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. Element Solutions has a 12 month low of $21.42 and a 12 month high of $29.78.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Monday, March 3rd. Element Solutions’s payout ratio is 28.83%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Bank of America reiterated a “neutral” rating and set a $28.00 price target (down previously from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Truist Financial started coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They set a “hold” rating and a $28.00 price objective for the company. BMO Capital Markets raised their target price on Element Solutions from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Finally, StockNews.com cut Element Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Element Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $30.14.

About Element Solutions

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.