Element Solutions Inc. (NYSE:ESI) Given Consensus Rating of “Buy” by Analysts

Shares of Element Solutions Inc. (NYSE:ESI) have been assigned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $43.50.

ESI has been the topic of several recent research reports. Mizuho restated a “neutral” rating and set a $45.00 target price (down from $54.00) on shares of Element Solutions in a research report on Tuesday, July 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Element Solutions in a research report on Tuesday. UBS Group boosted their price objective on Element Solutions to $52.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wolfe Research set a $47.00 price objective on Element Solutions in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th.

Element Solutions Stock Up 2.5%

Shares of ESI opened at $35.66 on Friday. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.23. Element Solutions has a 1 year low of $22.63 and a 1 year high of $49.25. The business’s 50 day simple moving average is $41.73 and its 200-day simple moving average is $37.19. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.91 and a quick ratio of 1.91.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. The company had revenue of $977.90 million for the quarter, compared to analysts’ expectations of $873.19 million. Element Solutions had a net margin of 5.67% and a return on equity of 14.88%. Element Solutions’s quarterly revenue was up 56.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 earnings per share. As a group, equities analysts expect that Element Solutions will post 1.8 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. Element Solutions’s dividend payout ratio is currently 43.24%.

Institutional Trading of Element Solutions

Several institutional investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its holdings in Element Solutions by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,119,999 shares of the company’s stock valued at $277,889,000 after acquiring an additional 1,298,273 shares during the period. Dimensional Fund Advisors LP increased its stake in Element Solutions by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,485,342 shares of the company’s stock worth $212,053,000 after purchasing an additional 228,416 shares during the period. State Street Corp increased its stake in Element Solutions by 1.2% in the fourth quarter. State Street Corp now owns 7,161,586 shares of the company’s stock worth $178,968,000 after purchasing an additional 83,033 shares during the period. Invesco Ltd. lifted its position in shares of Element Solutions by 43.6% during the fourth quarter. Invesco Ltd. now owns 7,069,238 shares of the company’s stock worth $176,660,000 after purchasing an additional 2,146,512 shares during the last quarter. Finally, FIL Ltd lifted its position in shares of Element Solutions by 13.9% during the fourth quarter. FIL Ltd now owns 5,089,359 shares of the company’s stock worth $127,183,000 after purchasing an additional 621,448 shares during the last quarter. Institutional investors own 92.32% of the company’s stock.

About Element Solutions

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.