Element Solutions (NYSE:ESI) Issues Earnings Results

Element Solutions (NYSE:ESI - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02, Briefing.com reports. The business had revenue of $575.00 million during the quarter, compared to analysts' expectations of $588.17 million. Element Solutions had a net margin of 5.06% and a return on equity of 13.51%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS.

Element Solutions Trading Down 4.2 %

Element Solutions stock traded down $1.02 during mid-day trading on Tuesday, hitting $23.13. The company's stock had a trading volume of 1,951,384 shares, compared to its average volume of 1,341,067. The stock's fifty day moving average is $24.19 and its two-hundred day moving average is $22.31. The company has a current ratio of 3.24, a quick ratio of 2.43 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $5.60 billion, a PE ratio of 49.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.32. Element Solutions has a 1 year low of $17.53 and a 1 year high of $25.81.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Thursday, February 29th. Element Solutions's dividend payout ratio is presently 65.31%.

Insider Buying and Selling at Element Solutions

In related news, CEO Benjamin Gliklich sold 6,579 shares of the business'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 sale, the chief executive officer now directly owns 726,399 shares in the company, valued at approximately $16,852,456.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Benjamin Gliklich sold 6,579 shares of Element Solutions stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $23.20, for a total value of $152,632.80. Following the completion of the sale, the chief executive officer now directly owns 726,399 shares of the company's stock, valued at $16,852,456.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Goralski sold 1,169 shares of Element Solutions 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 completion of the transaction, the executive vice president now directly owns 146,297 shares of the company's stock, valued at $3,394,090.40. The disclosure for this sale can be found here. Insiders have sold 97,203 shares of company stock worth $2,255,110 over the last quarter. 7.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on ESI shares. StockNews.com cut Element Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, April 11th. Barclays boosted their price target 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. The Goldman Sachs Group boosted their target price on Element Solutions from $22.00 to $26.00 and gave the stock a "neutral" rating in a report on Tuesday, March 5th. Wolfe Research began coverage on Element Solutions in a report on Friday, March 1st. They issued a "peer perform" rating for the company. Finally, Mizuho boosted their price objective on Element Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.

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.