Seaport Res Ptn Has Positive Outlook of ESI FY2024 Earnings

Element Solutions Inc (NYSE:ESI) – Analysts at Seaport Res Ptn raised their FY2024 earnings estimates for shares of Element Solutions in a report issued on Tuesday, October 29th. Seaport Res Ptn analyst M. Harrison now expects that the company will post earnings per share of $1.45 for the year, up from their previous estimate of $1.44. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Element Solutions’ current full-year earnings is $1.43 per share. Seaport Res Ptn also issued estimates for Element Solutions’ Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.42 EPS, FY2025 earnings at $1.66 EPS and FY2026 earnings at $1.86 EPS.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. During the same quarter last year, the firm posted $0.36 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis.

Other analysts have also issued reports about the stock. BMO Capital Markets upped their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. Barclays upped their price objective on shares of Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, StockNews.com lowered shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Element Solutions Price Performance

ESI stock opened at $27.10 on Thursday. 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 has a one year low of $17.76 and a one year high of $28.68. The firm has a market capitalization of $6.56 billion, a PE ratio of 50.18, a P/E/G ratio of 1.53 and a beta of 1.29. The firm has a 50-day moving average of $26.01 and a two-hundred day moving average of $25.58.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, August 30th. Element Solutions’s dividend payout ratio (DPR) is 59.26%.

Institutional Trading of Element Solutions

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in Element Solutions during the second quarter valued at approximately $31,000. LRI Investments LLC bought a new position in Element Solutions during the first quarter valued at approximately $78,000. EverSource Wealth Advisors LLC raised its position in Element Solutions by 39.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $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% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after acquiring an additional 3,212 shares in the last quarter. Finally, Signaturefd LLC raised its position in Element Solutions by 13.8% during the second quarter. Signaturefd LLC now owns 3,683 shares of the company’s stock valued at $100,000 after acquiring an additional 448 shares in the last quarter. 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.