Element Solutions (NYSE:ESI) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Element Solutions (NYSE:ESIGet Free Report) announced its earnings results on Monday. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04, FiscalAI reports. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The company had revenue of $977.90 million for the quarter, compared to analyst estimates of $873.19 million. During the same period in the prior year, the company posted $0.20 EPS. Element Solutions’s quarterly revenue was up 56.4% on a year-over-year basis.

Element Solutions Stock Up 1.0%

NYSE:ESI opened at $37.83 on Tuesday. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 61.01, a PEG ratio of 1.30 and a beta of 1.23. Element Solutions has a 1-year low of $22.63 and a 1-year high of $49.25. The company has a current ratio of 2.68, a quick ratio of 1.91 and a debt-to-equity ratio of 0.75. The business’s fifty day moving average price is $42.00 and its 200 day moving average price is $37.03.

Element Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.08 per share. The ex-dividend date was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. Element Solutions’s payout ratio is currently 51.61%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Element Solutions in a report on Tuesday, May 19th. Truist Financial boosted their price target on Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Mizuho reissued a “neutral” rating and set a $45.00 target price (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th. Seaport Research Partners restated a “buy” rating and issued a $49.00 target price on shares of Element Solutions in a research report on Tuesday, May 5th. Finally, UBS Group increased their price target on Element Solutions to $52.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Element Solutions has a consensus rating of “Buy” and a consensus target price of $43.00.

Read Our Latest Stock Analysis on ESI

Institutional Investors Weigh In On Element Solutions

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in shares of Element Solutions by 16.4% in the 4th quarter. Parallel Advisors LLC now owns 2,455 shares of the company’s stock valued at $61,000 after purchasing an additional 345 shares during the period. MML Investors Services LLC lifted its position in shares of Element Solutions by 0.3% during the 4th quarter. MML Investors Services LLC now owns 125,877 shares of the company’s stock worth $3,146,000 after purchasing an additional 355 shares during the last quarter. Quarry LP grew its position in Element Solutions by 27.3% in the 3rd quarter. Quarry LP now owns 2,011 shares of the company’s stock worth $51,000 after purchasing an additional 431 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of Element Solutions by 2.8% during the 4th quarter. Lido Advisors LLC now owns 18,138 shares of the company’s stock worth $456,000 after purchasing an additional 491 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Element Solutions by 1.9% during the fourth quarter. Cetera Investment Advisers now owns 28,854 shares of the company’s stock worth $721,000 after buying an additional 543 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors and hedge funds.

About Element Solutions

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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.

Further Reading

Earnings History for Element Solutions (NYSE:ESI)

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