Element Solutions (ESI) Set to Announce Earnings on Monday

Element Solutions (NYSE:ESI) is scheduled to be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Element Solutions to post earnings of $0.32 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. Element Solutions had a return on equity of 13.51% and a net margin of 5.06%. The business had revenue of $573.40 million for the quarter, compared to analysts’ expectations of $590.43 million. During the same quarter in the prior year, the business earned $0.29 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. 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 Up 0.7 %

ESI opened at $23.85 on Friday. Element Solutions has a 1-year low of $17.08 and a 1-year high of $25.81. The stock’s fifty day simple moving average is $24.19 and its 200 day simple moving average is $22.24. The company has a current ratio of 3.24, a quick ratio of 2.43 and a debt-to-equity ratio of 0.82. The stock has a market cap of $5.77 billion, a PE ratio of 48.67, a price-to-earnings-growth ratio of 2.05 and a beta of 1.32.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.34%. The ex-dividend date was Thursday, February 29th. Element Solutions’s payout ratio is 65.31%.

Insider Buying and Selling at Element Solutions

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

Analyst Ratings Changes

Several research analysts have weighed in on ESI shares. The Goldman Sachs Group increased their price objective on Element Solutions from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Barclays increased their target price on Element Solutions from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Wolfe Research began coverage on Element Solutions in a report on Friday, March 1st. They set a “peer perform” rating on the stock. UBS Group increased their target price on Element Solutions from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, TheStreet raised Element Solutions from a “c+” rating to a “b” rating in a research note on Tuesday, February 20th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.