Element Solutions Inc (NYSE:ESI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Element Solutions Inc (NYSE:ESI) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $29.40.

ESI has been the subject of several research analyst reports. StockNews.com raised Element Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. UBS Group increased their price target on Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, The Goldman Sachs Group increased their price target on Element Solutions from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Quarry LP purchased a new position in Element Solutions in the second quarter worth $31,000. Richardson Financial Services Inc. purchased a new position in Element Solutions in the fourth quarter worth $27,000. EverSource Wealth Advisors LLC raised its position in Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock worth $82,000 after acquiring an additional 864 shares in the last quarter. Quest Partners LLC raised its position in Element Solutions by 14,600.0% in the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock worth $88,000 after acquiring an additional 3,212 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in Element Solutions in the first quarter worth $78,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Element Solutions Price Performance

ESI stock opened at $25.98 on Friday. The company has a market capitalization of $6.29 billion, a P/E ratio of 32.07, a PEG ratio of 1.39 and a beta of 1.29. Element Solutions has a twelve month low of $17.57 and a twelve month high of $28.68. The business has a 50 day simple moving average of $25.76 and a 200-day simple moving average of $25.47. The company has a current ratio of 3.50, a quick ratio of 2.60 and a debt-to-equity ratio of 0.80.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $613.00 million during the quarter, compared to the consensus estimate of $606.95 million. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. As a group, equities analysts anticipate that Element Solutions will post 1.44 EPS for the current year.

Element Solutions Dividend Announcement

The firm 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. This represents a $0.32 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, August 30th. Element Solutions’s payout ratio is 39.51%.

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.