Element Solutions Inc. (NYSE:ESI) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Element Solutions has a consensus analyst rating of “Buy”, based on coverage from 11 analysts: three hold, five buy, and three strong buy. The average 1-year price target is $43.00.
• The company recently beat quarterly earnings expectations, reporting EPS of $0.41 versus the expected $0.38, while revenue came in at $840 million compared with estimates of $710.51 million. Revenue rose 41.5% year over year.
• Shares opened at $38.36, below the analysts’ average target, and the stock has traded between a $22.63 low and $49.25 high over the past year. Element Solutions also pays a quarterly dividend of $0.08 per share, equal to a 0.8% yield.

Element Solutions Inc. (NYSE:ESI - Get Free Report) has been assigned a consensus rating of "Buy" from the eleven analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $43.00.

A number of analysts have issued reports on the company. Wall Street Zen raised Element Solutions from a "hold" rating to a "buy" rating in a research report on Monday, April 20th. Seaport Research Partners restated a "buy" rating and set a $49.00 price target on shares of Element Solutions in a research report on Tuesday, May 5th. BMO Capital Markets boosted their price objective on Element Solutions from $45.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, July 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Element Solutions in a research note on Tuesday, May 19th. Finally, Truist Financial increased their target price on Element Solutions from $47.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th.

Element Solutions Stock Performance

Element Solutions stock opened at $38.36 on Friday. The firm has a 50 day simple moving average of $42.14 and a 200-day simple moving average of $36.88. Element Solutions has a 1-year low of $22.63 and a 1-year high of $49.25. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.68 and a quick ratio of 1.91. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 61.87, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23.

Element Solutions (NYSE:ESI - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. Element Solutions had a return on equity of 14.19% and a net margin of 5.32%.The firm had revenue of $840.00 million for the quarter, compared to analysts' expectations of $710.51 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The firm's quarterly revenue was up 41.5% on a year-over-year basis. On average, analysts expect that Element Solutions will post 1.79 EPS for the current year.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 1st. Element Solutions's dividend payout ratio is currently 51.61%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ESI. Parallel Advisors LLC raised its stake in shares of Element Solutions by 16.4% in the fourth quarter. Parallel Advisors LLC now owns 2,455 shares of the company's stock valued at $61,000 after acquiring an additional 345 shares in the last quarter. NewEdge Advisors LLC grew its stake in Element Solutions by 57.4% during the 1st quarter. NewEdge Advisors LLC now owns 949 shares of the company's stock worth $32,000 after purchasing an additional 346 shares in the last quarter. MML Investors Services LLC increased its holdings in Element Solutions by 0.3% during the 4th quarter. MML Investors Services LLC now owns 125,877 shares of the company's stock worth $3,146,000 after purchasing an additional 355 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Element Solutions by 3.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,450 shares of the company's stock worth $357,000 after purchasing an additional 385 shares during the period. Finally, Quarry LP raised its position in Element Solutions by 27.3% in the 3rd quarter. Quarry LP now owns 2,011 shares of the company's stock valued at $51,000 after purchasing an additional 431 shares in the last quarter. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Company Profile

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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