What is Seaport Res Ptn's Forecast for ESI FY2024 Earnings?

Element Solutions Inc (NYSE:ESI - Free Report) - Investment analysts at Seaport Res Ptn increased their FY2024 earnings per share (EPS) estimates for shares of Element Solutions in a note issued to investors on Tuesday, October 29th. Seaport Res Ptn analyst M. Harrison now expects that the company will earn $1.45 per share for the year, up from their prior forecast of $1.44. Seaport Res Ptn 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 - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. Element Solutions had a return on equity of 14.42% and a net margin of 8.24%. The business had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. During the same period in the prior year, the company posted $0.36 EPS. The business's revenue for the quarter was up 7.6% compared to the same quarter last year.

ESI has been the subject of a number of other reports. Barclays upped their target price on Element Solutions from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday. StockNews.com downgraded Element Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. BMO Capital Markets upped their target price on Element Solutions from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Wolfe Research upgraded Element Solutions from a "peer perform" rating to an "outperform" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Element Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.

Element Solutions Stock Performance

ESI stock traded down $0.52 on Thursday, reaching $27.10. The company's stock had a trading volume of 1,200,718 shares, compared to its average volume of 1,383,204. Element Solutions has a 52 week low of $17.76 and a 52 week high of $28.68. The company has a market capitalization of $6.56 billion, a P/E ratio of 50.18, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29. The firm has a fifty day moving average of $26.01 and a two-hundred day moving average of $25.58. 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 Investors Weigh In On Element Solutions

A number of institutional investors and hedge funds have recently modified their holdings of ESI. Marshall Wace LLP boosted its position 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 worth $106,698,000 after buying an additional 2,355,554 shares during the period. Capital World Investors acquired a new stake in shares of Element Solutions in the first quarter worth $44,527,000. Driehaus Capital Management LLC acquired a new stake in shares of Element Solutions in the second quarter worth $32,364,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Element Solutions by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,289,741 shares of the company's stock worth $143,458,000 after buying an additional 676,432 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Element Solutions by 43.5% in the second quarter. Millennium Management LLC now owns 1,134,112 shares of the company's stock worth $30,757,000 after buying an additional 344,017 shares during the period. Institutional investors and hedge funds own 92.32% of the company's stock.

Element Solutions Announces Dividend

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

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.