Element Solutions (ESI) to Release Earnings on Monday

Element Solutions (NYSE:ESI) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect Element Solutions to post earnings of $0.39 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $613.00 million during the quarter, compared to analyst estimates of $606.95 million. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. Element Solutions’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. On average, analysts expect Element Solutions to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Element Solutions Stock Down 1.1 %

Shares of NYSE ESI opened at $25.24 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.60 and a current ratio of 3.50. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 1.41 and a beta of 1.29. The stock has a 50 day moving average price of $25.86 and a 200 day moving average price of $25.50. Element Solutions has a 52-week low of $17.57 and a 52-week high of $28.68.

Element Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.08 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.27%. Element Solutions’s payout ratio is 39.51%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ESI shares. The Goldman Sachs Group boosted their price target on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. StockNews.com upgraded Element Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. UBS Group upped their target price on Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, Seaport Res Ptn upgraded Element Solutions to a “strong-buy” rating in a report on Monday, October 14th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.40.

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.