Element Solutions (NYSE:ESI) Releases Earnings Results, Beats Expectations By $0.02 EPS

Element Solutions (NYSE:ESI) issued its earnings results on Monday. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02, Briefing.com reports. Element Solutions had a net margin of 5.62% and a return on equity of 13.96%. 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 earned $0.30 earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis.

Element Solutions Stock Performance

Shares of ESI stock opened at $23.32 on Thursday. The stock has a market cap of $5.64 billion, a P/E ratio of 43.19, a P/E/G ratio of 1.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.63 and a quick ratio of 2.43. The company has a fifty day moving average price of $24.19 and a two-hundred day moving average price of $22.35. Element Solutions has a one year low of $17.53 and a one year high of $25.81.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Thursday, February 29th. Element Solutions’s dividend payout ratio is currently 59.26%.

Analyst Ratings Changes

Several brokerages have commented on ESI. UBS Group upped their target price on shares of Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Mizuho increased their price objective on shares of Element Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group increased their price objective on shares of Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Barclays increased their price objective on shares of Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Finally, StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Insider Buying and Selling at Element Solutions

In other Element Solutions news, CEO Benjamin Gliklich sold 61,667 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total value of $1,430,674.40. Following the completion of the sale, the chief executive officer now owns 704,395 shares in the company, valued at $16,341,964. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Michael Goralski sold 1,169 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the transaction, the executive vice president now directly owns 146,297 shares of the company’s stock, valued at $3,394,090.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Benjamin Gliklich sold 61,667 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 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 $16,341,964. The disclosure for this sale can be found here. Insiders sold a total of 97,203 shares of company stock worth $2,255,110 over the last quarter. 7.90% of the stock is currently owned by insiders.

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.