Element Solutions (NYSE:ESI) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Element Solutions (NYSE:ESI) posted its quarterly earnings data on Monday. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01, Briefing.com reports. The company had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.36 earnings per share.

Element Solutions Stock Performance

Shares of Element Solutions stock traded up $1.42 during trading on Tuesday, hitting $28.09. 650,311 shares of the stock were exchanged, compared to its average volume of 1,376,407. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 52.02, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29. The company has a fifty day moving average price of $25.93 and a 200-day moving average price of $25.54. Element Solutions has a 1-year low of $17.76 and a 1-year high of $28.68. The company has a current ratio of 3.50, a quick ratio of 2.60 and a debt-to-equity ratio of 0.80.

Element Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.14%. Element Solutions’s dividend payout ratio is presently 59.26%.

Analyst Upgrades and Downgrades

ESI has been the subject of a number of research reports. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday. Two 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

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.