Element Solutions Inc. (NYSE:ESI) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts maintain a consensus “Buy” rating on Element Solutions, with five buy, three strong-buy and three hold recommendations. The average 12-month price target is $43.50, while recent targets range from $45 to $52.
• Element Solutions exceeded quarterly expectations, reporting $0.47 in EPS versus $0.43 forecast and $977.9 million in revenue, up 56.4% year over year and above estimates of $873.2 million.
• The company declared a quarterly dividend of $0.08 per share, or $0.32 annually, representing a 0.8% yield; institutional investors and hedge funds own 92.32% of outstanding shares.

Shares of Element Solutions Inc. (NYSE:ESI - Get Free Report) have earned a consensus rating of "Buy" from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $43.50.

Several brokerages recently commented on ESI. Seaport Research Partners reissued a "buy" rating and issued a $49.00 price target on shares of Element Solutions in a research note on Tuesday, May 5th. UBS Group lifted their price objective on Element Solutions to $52.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Element Solutions in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Element Solutions from a "hold" rating to a "buy" rating in a research note on Monday, April 20th. Finally, Mizuho reaffirmed a "neutral" rating and set a $45.00 target price (down from $54.00) on shares of Element Solutions in a research report on Tuesday, July 14th.

Element Solutions Trading Up 1.2%

NYSE:ESI opened at $39.26 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 2.11. Element Solutions has a fifty-two week low of $22.86 and a fifty-two week high of $49.25. The stock's 50-day moving average is $40.88 and its two-hundred day moving average is $37.98. The stock has a market cap of $9.57 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 1.34 and a beta of 1.26.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.04. The business had revenue of $977.90 million during the quarter, compared to analyst estimates of $873.19 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The firm's revenue was up 56.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. As a group, equities research analysts forecast that Element Solutions will post 1.81 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. Element Solutions's dividend payout ratio is currently 43.24%.

Hedge Funds Weigh In On Element Solutions

Several large investors have recently added to or reduced their stakes in ESI. Assetmark Inc. grew its holdings in shares of Element Solutions by 151.0% during the 1st quarter. Assetmark Inc. now owns 778 shares of the company's stock worth $27,000 after purchasing an additional 468 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Element Solutions in the fourth quarter valued at $28,000. NewEdge Advisors LLC lifted its position in Element Solutions by 57.4% in the first quarter. NewEdge Advisors LLC now owns 949 shares of the company's stock worth $32,000 after purchasing an additional 346 shares during the period. Johnson Financial Group Inc. bought a new position in Element Solutions in the third quarter worth $47,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Element Solutions during the third quarter worth $49,000. Institutional investors and hedge funds own 92.32% of the company's stock.

About Element Solutions

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company's solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.

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