What is Seaport Res Ptn’s Forecast for ESI FY2024 Earnings?

Element Solutions Inc (NYSE:ESI) – Analysts at Seaport Res Ptn lifted their FY2024 earnings per share (EPS) estimates for Element Solutions in a research report issued to clients and investors on Tuesday, October 29th. Seaport Res Ptn analyst M. Harrison now forecasts that the company will post earnings of $1.45 per share for the year, up from their previous forecast of $1.44. Seaport Res Ptn has a “Strong-Buy” rating on the stock. The consensus estimate for Element Solutions’ current full-year earnings is $1.43 per share. Seaport Res Ptn also issued estimates for Element Solutions’ Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.42 EPS, FY2025 earnings at $1.66 EPS and FY2026 earnings at $1.86 EPS.

Element Solutions (NYSE:ESI) last posted its earnings results on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. The company had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year.

ESI has been the subject of several other research reports. BMO Capital Markets raised their price target on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Barclays lifted their target price on Element Solutions from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Element Solutions Price Performance

Shares of NYSE ESI opened at $27.20 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.60 and a current ratio of 3.52. The company has a market cap of $6.59 billion, a PE ratio of 24.50, a P/E/G ratio of 1.56 and a beta of 1.29. The business has a 50-day simple moving average of $26.05 and a two-hundred day simple moving average of $25.59. Element Solutions has a fifty-two week low of $18.19 and a fifty-two week high of $28.68.

Hedge Funds Weigh In On Element Solutions

A number of large investors have recently made changes to their positions in ESI. Principal Financial Group Inc. boosted its position in shares of Element Solutions by 243.1% in the first quarter. Principal Financial Group Inc. now owns 101,819 shares of the company’s stock worth $2,543,000 after acquiring an additional 72,145 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Element Solutions during the first quarter valued at approximately $863,000. BNP Paribas Financial Markets lifted its position in Element Solutions by 79.2% during the first quarter. BNP Paribas Financial Markets now owns 15,625 shares of the company’s stock valued at $390,000 after buying an additional 6,908 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Element Solutions during the first quarter valued at approximately $341,000. Finally, QRG Capital Management Inc. lifted its position in Element Solutions by 11.1% during the first quarter. QRG Capital Management Inc. now owns 10,591 shares of the company’s stock valued at $265,000 after buying an additional 1,060 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.08 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.18%. Element Solutions’s dividend payout ratio is presently 28.83%.

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.