Element Solutions Inc (NYSE:ESI) to Issue $0.08 Quarterly Dividend

Element Solutions Inc (NYSE:ESI) declared a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.08 per share on Monday, December 16th. This represents a $0.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, December 2nd.

Element Solutions has increased its dividend payment by an average of 85.7% per year over the last three years. Element Solutions has a dividend payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Element Solutions to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 20.0%.

Element Solutions Trading Down 1.1 %

ESI opened at $27.72 on Wednesday. The stock has a market capitalization of $6.71 billion, a P/E ratio of 24.97, a P/E/G ratio of 1.55 and a beta of 1.29. The company has a current ratio of 3.52, a quick ratio of 2.77 and a debt-to-equity ratio of 0.78. Element Solutions has a 12 month low of $20.31 and a 12 month high of $29.16. The firm’s fifty day simple moving average is $26.59 and its 200 day simple moving average is $25.99.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a net margin of 11.08% 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 period in the prior year, the firm earned $0.36 earnings per share. As a group, research analysts anticipate that Element Solutions will post 1.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ESI has been the topic of a number of research reports. Barclays boosted their target price on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wolfe Research upgraded Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Seaport Res Ptn raised Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Finally, StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

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.