Element Solutions (ESI) Projected to Post Earnings on Wednesday

Element Solutions (NYSE:ESI) will likely be posting its quarterly earnings results 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. Parties that are interested in participating in the company’s conference call can do so using this link.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $624.20 million during the quarter, compared to analysts’ expectations of $598.24 million. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. 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 Trading Up 1.8 %

NYSE ESI opened at $18.94 on Monday. Element Solutions has a one year low of $16.77 and a one year high of $29.78. The firm has a market cap of $4.59 billion, a PE ratio of 18.56, a P/E/G ratio of 2.30 and a beta of 1.28. The firm’s fifty day moving average is $23.51 and its two-hundred day moving average is $25.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Monday, March 3rd. Element Solutions’s dividend payout ratio (DPR) is presently 31.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Barclays dropped their target price on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. StockNews.com downgraded shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. UBS Group cut their price target on shares of Element Solutions from $31.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Truist Financial upgraded Element Solutions from a “hold” rating to a “buy” rating and dropped their target price for the stock from $28.00 to $24.00 in a research report on Monday, April 14th. Finally, KeyCorp decreased their price target on Element Solutions from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.88.

Insider Buying and Selling

In other news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $26.10, for a total value of $52,200,000.00. Following the sale, the director now directly owns 109,100 shares in the company, valued at $2,847,510. This represents a 94.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.90% of the company’s stock.

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.