Element Solutions (ESI) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Element Solutions in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ESI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ESI, but not buy additional shares or sell existing shares.
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6 analysts have issued twelve-month price targets for Element Solutions' stock. Their ESI share price forecasts range from $17.50 to $24.00. On average, they predict the company's stock price to reach $21.21 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
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Element Solutions' stock was trading at $18.19 at the beginning of the year. Since then, ESI shares have increased by 5.6% and is now trading at $19.2050.
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Element Solutions saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,300,000 shares, an increase of 29.9% from the August 15th total of 3,310,000 shares. Based on an average trading volume of 1,450,000 shares, the short-interest ratio is presently 3.0 days. Approximately 1.9% of the shares of the stock are short sold.
View Element Solutions' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our ESI earnings forecast.

Element Solutions Inc (NYSE:ESI) released its quarterly earnings data on Wednesday, July, 26th. The company reported $0.31 earnings per share for the quarter, meeting analysts' consensus estimates of $0.31. The firm earned $586.10 million during the quarter, compared to the consensus estimate of $611.13 million. Element Solutions had a trailing twelve-month return on equity of 13.13% and a net margin of 5.90%. The business's revenue was down 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share.

Element Solutions declared a quarterly dividend on Tuesday, August 22nd. Shareholders of record on Friday, September 1st will be given a dividend of $0.08 per share on Friday, September 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for ESI.

ETFs with the largest weight of Element Solutions (NYSE:ESI) stock in their portfolio include American Century Mid Cap Growth Impact (MID), WisdomTree U.S. AI Enhanced Value Fund (AIVL), First Trust Materials AlphaDEX Fund (FXZ), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Harbor Small Cap Explorer ETF (QWST), iShares U.S. Basic Materials ETF (IYM), Dimensional US Small Cap Value ETF (DFSV) and Fidelity MSCI Materials Index ETF (FMAT).

Element Solutions (NYSE:ESI) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.63%. The dividend payout ratio is 56.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESI will have a dividend payout ratio of 21.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESI.

Element Solutions issued an update on its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $1.30-$1.30 for the period, compared to the consensus estimate of $1.36. The company issued revenue guidance of -.

37 employees have rated Element Solutions Chief Executive Officer Kevin M. Modany on Glassdoor.com. Kevin M. Modany has an approval rating of 22% among the company's employees. This puts Kevin M. Modany in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Element Solutions investors own include Freeport-McMoRan (FCX), Yamana Gold (AUY), Glu Mobile (GLUU), Sangamo Therapeutics (SGMO), Cleveland-Cliffs (CLF), Devon Energy (DVN), Energy Transfer (ET), Corning (GLW), Harmony Gold Mining (HMY) and NeoPhotonics (NPTN).

Element Solutions trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESI."

Element Solutions' stock is owned by a variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (5.41%), BlackRock Inc. (4.79%), Vaughan Nelson Investment Management L.P. (1.82%), State Street Corp (1.53%), Alliancebernstein L.P. (1.49%) and Silvercrest Asset Management Group LLC (1.42%). Insiders that own company stock include Benjamin Gliklich, Carey J Dorman, Martin E Franklin, Michael Goralski, Michael Goralski, Nichelle Maynard-Elliott and Patricia Mount.
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Shares of ESI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ESI stock can currently be purchased for approximately $19.21.

Element Solutions (NYSE:ESI) has a market capitalization of $4.64 billion and generates $2.55 billion in revenue each year. The company earns $187.20 million in net income (profit) each year or $0.57 on an earnings per share basis.

The company employs 5,300 workers across the globe.

Element Solutions' mailing address is 500 EAST BROWARD BOULEVARD SUITE 1860, FORT LAUDERDALE FL, 33394. The official website for the company is www.elementsolutionsinc.com. The company can be reached via phone at (561) 207-9600, via email at ir@elementsolutionsinc.com, or via fax at 203-575-7970.