Element Solutions Inc. to Issue Quarterly Dividend of $0.08 (NYSE:ESI)

Element Solutions Inc. (NYSE:ESI) declared a quarterly dividend on Friday, August 14th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.08 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st.

Element Solutions has increased its dividend payment by an average of 0.4%per year over the last three years. Element Solutions has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Element Solutions to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 15.2%.

Element Solutions Trading Down 4.4%

Shares of ESI opened at $34.93 on Friday. The company’s fifty day simple moving average is $39.43 and its 200-day simple moving average is $38.32. The company has a market cap of $8.51 billion, a P/E ratio of 47.20, a P/E/G ratio of 1.20 and a beta of 1.26. The company has a current ratio of 2.91, a quick ratio of 2.11 and a debt-to-equity ratio of 0.73. Element Solutions has a twelve month low of $22.86 and a twelve month high of $49.25.

Element Solutions (NYSE:ESI) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. The company had revenue of $977.90 million for the quarter, compared to the consensus estimate of $873.19 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm’s revenue was up 56.4% compared to the same quarter last year. As a group, analysts expect that Element Solutions will post 1.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ESI shares. William Blair set a $48.00 target price on Element Solutions in a research report on Friday. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a report on Tuesday, July 28th. Mizuho reissued a “neutral” rating and set a $45.00 price target (down from $54.00) on shares of Element Solutions in a research note on Tuesday, July 14th. Wolfe Research set a $47.00 price objective on Element Solutions in a report on Wednesday, July 29th. Finally, Truist Financial upped their price objective on Element Solutions from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $44.00.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.