Element Solutions (NYSE:ESI) Stock Rating Upgraded by Seaport Res Ptn

Seaport Res Ptn upgraded shares of Element Solutions (NYSE:ESI) to a strong-buy rating in a research report report published 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.

Several other analysts also recently commented on the company. The Goldman Sachs Group raised their target price on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. StockNews.com raised Element Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, UBS Group upped their target price on Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 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. According to MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $29.40.

Element Solutions Trading Up 0.1 %

Shares of ESI stock opened at $25.51 on Monday. The company has a market cap of $6.17 billion, a P/E ratio of 47.23, a PEG ratio of 1.39 and a beta of 1.29. Element Solutions has a fifty-two week low of $17.57 and a fifty-two week high of $28.68. 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 stock has a 50 day simple moving average of $25.86 and a two-hundred day simple moving average of $25.49.

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

Element Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

Institutional Investors Weigh In On Element Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Richardson Financial Services Inc. purchased a new position in Element Solutions during the fourth quarter worth about $27,000. Quadrature Capital Ltd bought a new position in shares of Element Solutions in the fourth quarter valued at approximately $278,000. HighPoint Advisor Group LLC purchased a new stake in shares of Element Solutions during the fourth quarter valued at approximately $251,000. Perpetual Ltd purchased a new stake in shares of Element Solutions during the first quarter valued at approximately $205,000. Finally, New England Research & Management Inc. bought a new stake in Element Solutions during the first quarter worth $202,000. 92.32% of the stock is owned by hedge funds and other 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.