Element Solutions (ESI) Set to Post Earnings on Monday

Element Solutions (NYSE:ESI) is set to issue its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Element Solutions (NYSE:ESI) last released its quarterly earnings data on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $613.00 million for the quarter, compared to analyst estimates of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 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 Price Performance

Shares of ESI opened at $26.97 on Friday. The business’s 50-day moving average is $25.91 and its two-hundred day moving average is $25.53. The company has a market capitalization of $6.53 billion, a P/E ratio of 49.94, a P/E/G ratio of 1.40 and a beta of 1.29. Element Solutions has a fifty-two week low of $17.76 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.

Element Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given 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 1.19%. Element Solutions’s dividend payout ratio (DPR) is currently 59.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ESI shares. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Finally, StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday. Two research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

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.