Element Solutions (NYSE:ESI) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Element Solutions (NYSE:ESI) to a strong-buy rating in a research note released on Monday, Zacks.com reports. Seaport Res Ptn also issued estimates for Element Solutions’ Q3 2024 earnings at $0.38 EPS, Q4 2024 earnings at $0.36 EPS, FY2024 earnings at $1.44 EPS, Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $1.63 EPS.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group increased their price target on Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. UBS Group increased their target price on shares of Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Finally, StockNews.com raised shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.40.

Element Solutions Trading Down 0.7 %

Shares of ESI stock opened at $25.50 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 company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 47.21, a PEG ratio of 1.39 and a beta of 1.29. Element Solutions has a 52-week low of $17.57 and a 52-week high of $28.68. The company has a 50-day simple moving average of $25.85 and a two-hundred day simple moving average of $25.49.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The business had revenue of $613.00 million for the quarter, compared to analysts’ expectations of $606.95 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. Research analysts anticipate that Element Solutions will post 1.44 EPS for the current fiscal year.

Element Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders 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 1.26%. Element Solutions’s payout ratio is 59.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of Element Solutions in the second quarter worth approximately $1,518,000. Capital World Investors purchased a new position in shares of Element Solutions in the first quarter valued at about $44,527,000. Cubist Systematic Strategies LLC bought a new position in shares of Element Solutions during the second quarter valued at about $5,668,000. Blue Trust Inc. purchased a new stake in shares of Element Solutions during the second quarter worth about $613,000. Finally, Principal Financial Group Inc. grew its stake in shares of Element Solutions by 243.1% in the first quarter. Principal Financial Group Inc. now owns 101,819 shares of the company’s stock worth $2,543,000 after purchasing an additional 72,145 shares during the last quarter. 92.32% of the stock is owned by 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.