Element Solutions (NYSE:ESI) updated its FY 2019 earnings guidance on Friday. The company provided EPS guidance of $0.83-0.86 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.83. Element Solutions also updated its FY19 guidance to $0.83-0.86 EPS.
Several brokerages have recently issued reports on ESI. Royal Bank of Canada began coverage on Element Solutions in a research report on Wednesday, July 3rd. They set an outperform rating and a $8.00 target price for the company. Raymond James reaffirmed an average rating and set a $6.50 target price on shares of Element Solutions in a research report on Monday, April 8th. Finally, Zacks Investment Research lowered Element Solutions from a buy rating to a hold rating in a research report on Tuesday, April 23rd.
ESI traded up $0.45 during trading hours on Friday, hitting $9.77. The stock had a trading volume of 2,341,590 shares, compared to its average volume of 1,654,620. The firm’s fifty day simple moving average is $10.12. Element Solutions has a 1 year low of $9.26 and a 1 year high of $13.54. The stock has a market capitalization of $2.36 billion, a PE ratio of 69.79 and a beta of 2.14. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.75 and a current ratio of 2.20.
In related news, COO Scot Benson bought 20,000 shares of Element Solutions stock in a transaction on Monday, May 13th. The stock was acquired at an average price of $10.50 per share, with a total value of $210,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rakesh Sachdev sold 28,764 shares of Element Solutions stock in a transaction dated Tuesday, June 11th. The shares were 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. Company insiders own 13.30% of the company’s stock.
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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