Shares of Element Solutions Inc. (NYSE:ESI – Get Free Report) have received a consensus rating of “Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.5714.
A number of equities analysts have commented on the stock. UBS Group boosted their target price on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a report on Tuesday, May 19th. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price objective on shares of Element Solutions in a report on Monday, February 23rd. BMO Capital Markets restated an “outperform” rating on shares of Element Solutions in a report on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a report on Monday, April 20th.
Check Out Our Latest Stock Analysis on ESI
Hedge Funds Weigh In On Element Solutions
Element Solutions Stock Performance
Shares of Element Solutions stock opened at $40.16 on Thursday. The company has a market capitalization of $9.78 billion, a PE ratio of 64.77, a P/E/G ratio of 1.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.91 and a current ratio of 2.68. The company has a 50-day simple moving average of $39.71 and a two-hundred day simple moving average of $32.96. Element Solutions has a one year low of $20.95 and a one year high of $45.51.
Element Solutions (NYSE:ESI – Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $840.00 million during the quarter, compared to the consensus estimate of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. The firm’s revenue was up 41.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Research analysts expect that Element Solutions will post 1.78 EPS for the current fiscal year.
Element Solutions Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. Element Solutions’s dividend payout ratio is 51.61%.
About Element Solutions
Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.
In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.
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