Element Solutions (ESI) Scheduled to Post Quarterly Earnings on Monday

Element Solutions (NYSE:ESI) is set to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $573.40 million for the quarter, compared to the consensus estimate of $590.43 million. Element Solutions had a return on equity of 13.51% and a net margin of 5.06%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 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 Performance

Shares of ESI stock opened at $23.77 on Monday. The business’s fifty day simple moving average is $24.14 and its 200-day simple moving average is $22.12. The company has a market cap of $5.75 billion, a PE ratio of 48.51, a PEG ratio of 2.04 and a beta of 1.32. The company has a current ratio of 3.24, a quick ratio of 2.43 and a debt-to-equity ratio of 0.82. Element Solutions has a 12-month low of $17.08 and a 12-month high of $25.81.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Thursday, February 29th. Element Solutions’s payout ratio is presently 65.31%.

Insider Buying and Selling at Element Solutions

In other Element Solutions news, EVP Michael Goralski sold 1,169 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $23.20, for a total value of $27,120.80. Following the sale, the executive vice president now directly owns 146,297 shares of the company’s stock, valued at $3,394,090.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Carey J. Dorman sold 1,410 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $23.20, for a total transaction of $32,712.00. Following the sale, the chief financial officer now directly owns 177,113 shares of the company’s stock, valued at approximately $4,109,021.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Michael Goralski sold 1,169 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $23.20, for a total transaction of $27,120.80. Following the sale, the executive vice president now directly owns 146,297 shares in the company, valued at $3,394,090.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,203 shares of company stock valued at $2,255,110. 7.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Covestor Ltd raised its position in shares of Element Solutions by 32.1% during the 1st quarter. Covestor Ltd now owns 2,845 shares of the company’s stock worth $62,000 after purchasing an additional 692 shares during the last quarter. KBC Group NV acquired a new position in shares of Element Solutions during the 4th quarter worth about $95,000. MetLife Investment Management LLC acquired a new position in shares of Element Solutions during the 1st quarter worth about $101,000. Captrust Financial Advisors raised its position in shares of Element Solutions by 86.4% during the 2nd quarter. Captrust Financial Advisors now owns 6,232 shares of the company’s stock worth $111,000 after purchasing an additional 2,889 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Element Solutions by 19.1% during the 1st quarter. US Bancorp DE now owns 6,710 shares of the company’s stock worth $147,000 after purchasing an additional 1,078 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ESI shares. UBS Group upped their price target on Element Solutions from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Wolfe Research assumed coverage on Element Solutions in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Mizuho cut their target price on Element Solutions from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. TheStreet raised Element Solutions from a “c+” rating to a “b” rating in a research report on Tuesday, February 20th. Finally, Barclays upped their target price on Element Solutions from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.60.

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.