Analysts Set Element Solutions Inc. (NYSE:ESI) PT at $27.38

Key Points

• Element Solutions Inc. has received a consensus recommendation of "Buy" from analysts, with an average target price of $27.3750.
• The company reported earnings of $0.37 EPS for the last quarter, exceeding expectations and showing a revenue increase of 2.0% year-over-year.
• Element Solutions announced a quarterly dividend of $0.08, representing an annualized dividend yield of 1.2%.

Element Solutions Inc. (NYSE:ESI - Get Free Report) has been given a consensus recommendation of "Buy" by the ten research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $27.3750.

Several analysts have weighed in on ESI shares. KeyCorp lifted their price objective on Element Solutions from $29.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. The Goldman Sachs Group restated a "neutral" rating and issued a $27.00 price objective (up from $24.00) on shares of Element Solutions in a report on Tuesday, July 15th. Mizuho boosted their target price on shares of Element Solutions from $24.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, UBS Group upped their price objective on Element Solutions from $29.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st.

Element Solutions Stock Performance

NYSE ESI traded down $0.34 on Tuesday, hitting $25.11. 1,615,453 shares of the stock traded hands, compared to its average volume of 1,378,343. Element Solutions has a 12 month low of $16.77 and a 12 month high of $29.78. The business's fifty day moving average is $24.41 and its two-hundred day moving average is $23.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.30 and a current ratio of 4.10. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 1.68 and a beta of 1.31.

Element Solutions (NYSE:ESI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $625.20 million during the quarter, compared to analyst estimates of $587.45 million. Element Solutions had a return on equity of 14.14% and a net margin of 9.66%.The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.36 earnings per share. As a group, equities analysts anticipate that Element Solutions will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 2nd. Element Solutions's dividend payout ratio is currently 32.00%.

Hedge Funds Weigh In On Element Solutions

A number of institutional investors have recently modified their holdings of the stock. Amalgamated Bank increased its holdings in Element Solutions by 479.7% during the first quarter. Amalgamated Bank now owns 67,594 shares of the company's stock valued at $1,528,000 after buying an additional 55,933 shares during the period. Bank of New York Mellon Corp lifted its position in Element Solutions by 48.5% during the first quarter. Bank of New York Mellon Corp now owns 1,716,292 shares of the company's stock valued at $38,805,000 after purchasing an additional 560,346 shares during the period. SG Americas Securities LLC acquired a new position in Element Solutions during the first quarter valued at $623,000. QRG Capital Management Inc. increased its holdings in Element Solutions by 13.3% in the first quarter. QRG Capital Management Inc. now owns 28,196 shares of the company's stock valued at $638,000 after buying an additional 3,302 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Element Solutions by 110.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,102 shares of the company's stock valued at $1,336,000 after buying an additional 30,953 shares in the last quarter. 92.32% of the stock is owned by hedge funds and other institutional investors.

About Element Solutions

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.