Element Solutions (ESI) to Release Earnings on Wednesday

Element Solutions (NYSE:ESIGet Free Report) is set to release its earnings data on Wednesday, April 3rd.

Element Solutions (NYSE:ESIGet Free Report) last issued its earnings results on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Element Solutions had a net margin of 5.06% and a return on equity of 13.51%. The company had revenue of $573.40 million for the quarter, compared to the consensus estimate of $590.43 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts expect Element Solutions to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Element Solutions Stock Up 0.0 %

Shares of NYSE ESI opened at $24.99 on Tuesday. The company has a quick ratio of 2.43, a current ratio of 3.24 and a debt-to-equity ratio of 0.82. Element Solutions has a 52 week low of $17.08 and a 52 week high of $25.14. The firm’s fifty day moving average is $23.54 and its 200 day moving average is $21.59. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 51.00, a PEG ratio of 4.14 and a beta of 1.31.

Element Solutions Dividend Announcement

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. This represents a $0.32 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Thursday, February 29th. Element Solutions’s payout ratio is 65.31%.

Insider Activity

In other news, EVP Michael Goralski sold 11,604 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $23.20, for a total transaction of $269,212.80. Following the sale, the executive vice president now owns 143,446 shares in the company, valued at approximately $3,327,947.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Benjamin Gliklich sold 6,579 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $152,632.80. Following the transaction, the chief executive officer now owns 726,399 shares in the company, valued at approximately $16,852,456.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Goralski sold 11,604 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $23.20, for a total transaction of $269,212.80. Following the completion of the transaction, the executive vice president now owns 143,446 shares in the company, valued at approximately $3,327,947.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,203 shares of company stock worth $2,255,110. Corporate insiders own 7.90% of the company’s stock.

Hedge Funds Weigh In On Element Solutions

Hedge funds have recently bought and sold shares of the company. Covestor Ltd boosted its stake in Element Solutions by 32.1% in the 1st quarter. Covestor Ltd now owns 2,845 shares of the company’s stock worth $62,000 after purchasing an additional 692 shares in the last quarter. KBC Group NV bought a new position in Element Solutions in the 4th quarter worth about $95,000. MetLife Investment Management LLC purchased a new position in Element Solutions in the 1st quarter worth about $101,000. Captrust Financial Advisors raised its position in Element Solutions by 86.4% in the 2nd quarter. Captrust Financial Advisors now owns 6,232 shares of the company’s stock worth $111,000 after buying an additional 2,889 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Element Solutions by 9.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,974 shares of the company’s stock worth $127,000 after buying an additional 622 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

Wall Street Analyst Weigh In

ESI has been the topic of several analyst reports. Barclays lifted their target price on shares of Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. UBS Group lifted their price target on shares of Element Solutions from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Wolfe Research initiated coverage on shares of Element Solutions in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. The Goldman Sachs Group lifted their price target on shares of Element Solutions from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. Finally, Mizuho cut their price target on shares of Element Solutions from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.60.

Read Our Latest Stock Analysis on ESI

Element Solutions Company Profile

(Get Free Report)

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.

See Also

Earnings History for Element Solutions (NYSE:ESI)

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