Element Solutions (NYSE:ESI) Announces Quarterly Earnings Results

Element Solutions (NYSE:ESI) released its quarterly earnings results on Monday. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02, Briefing.com reports. Element Solutions had a return on equity of 13.51% and a net margin of 5.06%. The firm had revenue of $575.00 million during the quarter, compared to the consensus estimate of $588.17 million. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s revenue was up .1% on a year-over-year basis.

Element Solutions Stock Performance

Element Solutions stock traded down $0.32 during midday trading on Tuesday, reaching $23.83. 251,143 shares of the company’s stock were exchanged, compared to its average volume of 1,320,070. The stock’s 50-day simple moving average is $24.19 and its 200 day simple moving average is $22.31. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 49.27, a P/E/G ratio of 2.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.43 and a current ratio of 3.24. Element Solutions has a 52 week low of $17.53 and a 52 week high of $25.81.

Element Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 1.34%. Element Solutions’s dividend payout ratio (DPR) is currently 65.31%.

Insider Buying and Selling at Element Solutions

In other news, CEO Benjamin Gliklich sold 61,667 shares of Element Solutions stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total transaction of $1,430,674.40. Following the completion of the transaction, the chief executive officer now directly owns 704,395 shares in the company, valued at approximately $16,341,964. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Element Solutions news, EVP Michael Goralski sold 11,604 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total value of $269,212.80. Following the transaction, the executive vice president now directly owns 143,446 shares of the company’s stock, valued at approximately $3,327,947.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Benjamin Gliklich sold 61,667 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total value of $1,430,674.40. Following the sale, the chief executive officer now owns 704,395 shares of the company’s stock, valued at approximately $16,341,964. The disclosure for this sale can be found here. Insiders have sold 97,203 shares of company stock worth $2,255,110 over the last 90 days. Company insiders own 7.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ESI shares. The Goldman Sachs Group raised their target price on shares of Element Solutions from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Wolfe Research assumed coverage on Element Solutions in a report on Friday, March 1st. They issued a “peer perform” rating for the company. TheStreet raised Element Solutions from a “c+” rating to a “b” rating in a research report on Tuesday, February 20th. Barclays upped their target price on Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Finally, UBS Group raised their price target on Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Element Solutions Company Profile

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.