FY2024 Earnings Forecast for ESI Issued By Seaport Res Ptn

Element Solutions Inc (NYSE:ESI) – Analysts at Seaport Res Ptn lowered their FY2024 earnings estimates for shares of Element Solutions in a research report issued to clients and investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now anticipates that the company will earn $1.44 per share for the year, down from their previous forecast of $1.45. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Element Solutions’ current full-year earnings is $1.45 per share. Seaport Res Ptn also issued estimates for Element Solutions’ Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.38 EPS and FY2025 earnings at $1.51 EPS.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $645.00 million for the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. Element Solutions’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share.

Several other research analysts also recently weighed in on ESI. BMO Capital Markets upped their price target on shares of Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Wolfe Research raised Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays increased their price objective on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Bank of America reaffirmed a “neutral” rating and set a $28.00 target price (down previously from $32.00) on shares of Element Solutions in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Element Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $30.83.

Element Solutions Stock Performance

NYSE:ESI opened at $26.08 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. The stock has a market capitalization of $6.32 billion, a PE ratio of 23.49, a P/E/G ratio of 2.12 and a beta of 1.30. Element Solutions has a fifty-two week low of $21.42 and a fifty-two week high of $29.78. The company has a fifty day moving average of $26.65 and a two-hundred day moving average of $26.48.

Element Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.08 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.32 annualized dividend and a dividend yield of 1.23%. Element Solutions’s dividend payout ratio is presently 28.83%.

Institutional Investors Weigh In On Element Solutions

A number of hedge funds have recently modified their holdings of ESI. Ilex Capital Partners UK LLP lifted its holdings in Element Solutions by 162.7% in the third quarter. Ilex Capital Partners UK LLP now owns 2,470,003 shares of the company’s stock valued at $67,085,000 after acquiring an additional 1,529,607 shares during the last quarter. JPMorgan Chase & Co. raised its position in Element Solutions by 549.2% in the third quarter. JPMorgan Chase & Co. now owns 1,619,419 shares of the company’s stock valued at $43,983,000 after purchasing an additional 1,369,981 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Element Solutions in the 2nd quarter valued at $32,364,000. Jennison Associates LLC purchased a new position in shares of Element Solutions during the 3rd quarter worth $21,889,000. Finally, Appian Way Asset Management LP acquired a new stake in shares of Element Solutions during the 3rd quarter worth about $14,553,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

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.