Element Solutions (NYSE:ESI – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02, FiscalAI reports. The firm had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $964.23 million. Element Solutions had a return on equity of 14.88% and a net margin of 5.67%.
Element Solutions Trading Up 1.7%
Shares of Element Solutions stock traded up $0.60 during trading hours on Wednesday, reaching $36.27. 3,962,293 shares of the company’s stock were exchanged, compared to its average volume of 3,789,878. Element Solutions has a 52-week low of $22.86 and a 52-week high of $49.25. The company has a fifty day moving average of $35.69 and a 200-day moving average of $38.90. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 1.32 and a beta of 1.26.
Element Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 1st. Element Solutions’s dividend payout ratio is currently 43.24%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on ESI shares. William Blair set a $48.00 target price on shares of Element Solutions in a research note on Friday, August 28th. Truist Financial raised their price target on shares of Element Solutions from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $45.00 price target on shares of Element Solutions in a research note on Monday, September 21st. Wolfe Research set a $47.00 price target on shares of Element Solutions in a report on Wednesday, July 29th. Finally, Mizuho cut their price objective on shares of Element Solutions from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Four research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $46.18.
Get Our Latest Stock Report on Element Solutions
About Element Solutions
Element Solutions Inc (NYSE: ESI) is a specialty chemicals company that develops and produces materials used in electronics manufacturing and a range of industrial applications. Its products are designed to support processes such as printed circuit board fabrication, semiconductor packaging, electronic assembly, metal finishing, and surface treatment.
Through its electronics-focused businesses, including MacDermid Alpha Solutions, the company supplies solder materials, electronic assembly chemicals, circuit board materials, and semiconductor packaging solutions.
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