Shares of Element Solutions Inc. (NYSE:ESI – Get Free Report) have earned a consensus rating of “Buy” from the thirteen research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and four have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $46.36.
ESI has been the topic of several recent analyst reports. William Blair set a $48.00 price objective on Element Solutions in a research report on Friday, August 28th. UBS Group boosted their price objective on shares of Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a report on Monday, October 5th. Truist Financial increased their price objective on shares of Element Solutions from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Wolfe Research set a $47.00 target price on shares of Element Solutions in a report on Wednesday, July 29th. Finally, Zacks Research raised shares of Element Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 2nd.
Read Our Latest Stock Analysis on Element Solutions
Element Solutions Stock Performance
NYSE:ESI opened at $31.28 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.78 and a debt-to-equity ratio of 0.71. The firm’s fifty day simple moving average is $34.93 and its 200 day simple moving average is $36.87. The stock has a market cap of $7.59 billion, a P/E ratio of 36.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.29. Element Solutions has a twelve month low of $22.86 and a twelve month high of $49.25.
Element Solutions (NYSE:ESI – Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Element Solutions had a return on equity of 15.45% and a net margin of 5.87%. The business had revenue of $995.30 million during the quarter, compared to analyst estimates of $964.23 million. During the same quarter last year, the firm posted $0.41 earnings per share. The company’s revenue for the quarter was up 51.7% on a year-over-year basis. As a group, research analysts predict that Element Solutions will post 1.85 EPS for the current year.
Element Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. Element Solutions’s dividend payout ratio is currently 37.65%.
Institutional Investors Weigh In On Element Solutions
Large investors have recently made changes to their positions in the company. HB Wealth Management LLC grew its position in Element Solutions by 4.8% in the second quarter. HB Wealth Management LLC now owns 6,295 shares of the company’s stock worth $301,000 after acquiring an additional 291 shares during the period. North Dakota State Investment Board raised its position in Element Solutions by 4.4% in the third quarter. North Dakota State Investment Board now owns 6,990 shares of the company’s stock valued at $254,000 after purchasing an additional 293 shares during the period. NewEdge Advisors LLC raised its position in Element Solutions by 57.4% in the first quarter. NewEdge Advisors LLC now owns 949 shares of the company’s stock valued at $32,000 after purchasing an additional 346 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Element Solutions by 3.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,450 shares of the company’s stock valued at $357,000 after purchasing an additional 385 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Element Solutions by 5.1% in the 2nd quarter. Versant Capital Management Inc now owns 9,013 shares of the company’s stock valued at $430,000 after purchasing an additional 436 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.
Element Solutions Company Profile
Element Solutions Inc is a specialty chemicals company that develops and supplies materials used in electronics manufacturing and a range of industrial processes. Its products support the production of printed circuit boards, semiconductors and electronic assemblies, as well as metal plating, surface finishing and other applications.
The company’s products help customers treat, protect and enhance surfaces and materials during manufacturing. Its portfolio includes process chemicals, coatings and related technologies sold under established brands, including MacDermid, Alpha and Enthone.
Element Solutions serves customers worldwide across electronics and industrial markets.
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