Element Solutions Inc (NYSE:ESI - Free Report) - Equities research analysts at Seaport Res Ptn issued their Q3 2024 earnings per share (EPS) estimates for Element Solutions in a research report issued to clients and investors on Monday, October 14th. Seaport Res Ptn analyst M. Harrison forecasts that the company will earn $0.38 per share for the quarter. Seaport Res Ptn currently has a "Strong-Buy" rating on the stock. The consensus estimate for Element Solutions' current full-year earnings is $1.44 per share. Seaport Res Ptn also issued estimates for Element Solutions' 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.
Element Solutions (NYSE:ESI - Get Free Report) last issued its earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The company had revenue of $613.00 million during the quarter, compared to analysts' expectations of $606.95 million. During the same period in the prior year, the business earned $0.31 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis.
Several other equities analysts have also weighed in on the stock. UBS Group boosted their target price on shares of Element Solutions from $30.00 to $33.00 and gave the company a "buy" rating in a report on Monday, June 24th. The Goldman Sachs Group increased their price objective on Element Solutions from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Thursday, June 27th. Finally, StockNews.com raised Element Solutions from a "hold" rating to a "buy" rating in a research note on Tuesday, September 24th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Element Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.40.
Check Out Our Latest Stock Analysis on ESI
Element Solutions Trading Down 0.7 %
Shares of ESI traded down $0.18 during mid-day trading on Wednesday, reaching $25.50. The stock had a trading volume of 1,109,154 shares, compared to its average volume of 1,336,884. Element Solutions has a 52-week low of $17.57 and a 52-week high of $28.68. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 47.21, a P/E/G ratio of 1.39 and a beta of 1.29. The business's fifty day moving average is $25.85 and its 200 day moving average is $25.49. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.50 and a quick ratio of 2.60.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Element Solutions by 14.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company's stock worth $143,458,000 after acquiring an additional 676,432 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Element Solutions by 6.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company's stock valued at $138,490,000 after purchasing an additional 315,645 shares during the period. Marshall Wace LLP boosted its stake in shares of Element Solutions by 149.2% in the second quarter. Marshall Wace LLP now owns 3,934,310 shares of the company's stock valued at $106,698,000 after purchasing an additional 2,355,554 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Element Solutions by 16.9% in the first quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company's stock valued at $51,485,000 after purchasing an additional 298,668 shares in the last quarter. Finally, Capital World Investors purchased a new stake in Element Solutions during the 1st quarter worth approximately $44,527,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.
Element Solutions Dividend Announcement
The company also recently announced 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 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions's payout ratio is 59.26%.
About Element Solutions
(
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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.
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