Element Solutions (NYSE:ESI) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Element Solutions (NYSE:ESI) announced its quarterly earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05, Briefing.com reports. Element Solutions had a negative net margin of 18.53% and a positive return on equity of 5.76%. The business had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $469.25 million. During the same quarter last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. Element Solutions updated its FY19 guidance to $0.84-0.87 EPS.

Shares of Element Solutions stock traded up $0.32 during mid-day trading on Friday, hitting $11.73. 4,582,488 shares of the stock were exchanged, compared to its average volume of 2,412,126. Element Solutions has a 12 month low of $8.55 and a 12 month high of $12.74. The company has a 50-day simple moving average of $10.40 and a 200 day simple moving average of $10.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.14 and a current ratio of 2.74. The company has a market capitalization of $2.92 billion, a P/E ratio of 83.79 and a beta of 2.13.

In related news, COO Scot Benson purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $9.37 per share, with a total value of $93,700.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.30% of the stock is owned by company insiders.

ESI has been the topic of several recent analyst reports. Barclays reissued a “hold” rating and set a $11.00 target price on shares of Element Solutions in a research report on Wednesday, August 7th. Zacks Investment Research cut shares of Element Solutions from a “hold” rating to a “sell” rating and set a $10.00 target price on the stock. in a research report on Thursday, October 10th. CIBC reissued an “average” rating and set a $5.00 target price on shares of Element Solutions in a research report on Tuesday, October 15th. SunTrust Banks dropped their target price on shares of Element Solutions from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Finally, ValuEngine cut shares of Element Solutions from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.42.

Element Solutions Company Profile

Element Solutions Inc produces and sells specialty chemical products worldwide. The company operates through two segments, Electronics and Industrial & Specialty. The Electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products.

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Earnings History for Element Solutions (NYSE:ESI)

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