Brokerages Expect Element Solutions Inc (NYSE:ESI) to Announce $0.23 EPS

Shares of Element Solutions Inc (NYSE:ESI) have earned an average broker rating score of 2.29 (Buy) from the seven brokers that cover the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. Element Solutions’ rating score has improved by 1.7% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1 year consensus target price of $12.17 for the company and are anticipating that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also given Element Solutions an industry rank of 210 out of 256 based on the ratings given to related companies.

Several equities research analysts have recently commented on the company. Raymond James reissued an “average” rating and set a $6.50 price target on shares of Element Solutions in a research note on Monday, April 8th. Zacks Investment Research lowered Element Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, Royal Bank of Canada assumed coverage on Element Solutions in a research note on Wednesday, July 3rd. They set an “outperform” rating and a $8.00 price target on the stock.

In related news, COO Scot Benson acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $210,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rakesh Sachdev sold 28,764 shares of Element Solutions stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $10.71, for a total value of $308,062.44. The disclosure for this sale can be found here. Insiders own 13.30% of the company’s stock.

ESI traded up $0.45 during trading on Friday, reaching $9.77. The company’s stock had a trading volume of 2,341,590 shares, compared to its average volume of 1,511,747. The firm has a fifty day moving average of $10.12. The company has a market capitalization of $2.54 billion, a P/E ratio of 69.79 and a beta of 2.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.20 and a quick ratio of 1.75. Element Solutions has a 52-week low of $9.26 and a 52-week high of $13.54.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $456.70 million for the quarter, compared to analyst estimates of $468.94 million. Element Solutions had a positive return on equity of 6.63% and a negative net margin of 13.82%. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. As a group, research analysts anticipate that Element Solutions will post 0.84 EPS for the current year.

About Element Solutions

Element Solutions Inc produces and sells specialty chemical products worldwide. The company operates through two segments, Electronics and Industrial & Specialty. The Electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products.

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