Element Solutions Inc (NYSE:ESI) Plans Quarterly Dividend of $0.08

Element Solutions Inc (NYSE:ESI) announced a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.08 per share on Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, December 2nd.

Element Solutions has increased its dividend payment by an average of 85.7% annually over the last three years. Element Solutions has a dividend payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Element Solutions to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 20.0%.

Element Solutions Stock Performance

ESI traded down $0.31 on Tuesday, reaching $27.72. The company had a trading volume of 2,354,310 shares, compared to its average volume of 1,367,397. The stock has a market cap of $6.71 billion, a P/E ratio of 24.96, a P/E/G ratio of 1.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.77 and a current ratio of 3.52. Element Solutions has a fifty-two week low of $20.31 and a fifty-two week high of $29.16. The company’s fifty day moving average is $26.59 and its 200 day moving average is $25.99.

Element Solutions (NYSE:ESI) last announced its earnings results on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. As a group, analysts predict that Element Solutions will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ESI. BMO Capital Markets lifted their target price on Element Solutions from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a report on Friday, October 25th. Barclays boosted their price target 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, StockNews.com lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and an average price target of $31.00.

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.