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

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

Element Solutions Price Performance

Shares of NYSE ESI opened at $26.33 on Wednesday. Element Solutions has a fifty-two week low of $21.42 and a fifty-two week high of $29.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The company has a market cap of $6.37 billion, a PE ratio of 23.72, a P/E/G ratio of 2.21 and a beta of 1.30. The business has a 50-day simple moving average of $25.81 and a two-hundred day simple moving average of $26.30.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.08 dividend. 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 dividend payout ratio (DPR) is presently 28.83%.

Analyst Ratings Changes

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

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.