Element Solutions Inc Forecasted to Post Q3 2024 Earnings of $0.38 Per Share (NYSE:ESI)

Element Solutions Inc (NYSE:ESI) – Analysts at Seaport Res Ptn issued their Q3 2024 EPS estimates for Element Solutions in a research report issued on Monday, October 14th. Seaport Res Ptn analyst M. Harrison expects that the company will post earnings of $0.38 per share for the quarter. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Element Solutions’ current full-year earnings is $1.44 per share. Seaport Res Ptn also issued estimates for Element Solutions’ Q4 2024 earnings at $0.36 EPS, FY2024 earnings at $1.44 EPS, Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $1.63 EPS.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $613.00 million during the quarter, compared to the consensus estimate of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS.

Several other brokerages also recently weighed in on ESI. StockNews.com upgraded Element Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. UBS Group increased their target price on Element Solutions from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Finally, The Goldman Sachs Group lifted their price target on Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.40.

Element Solutions Trading Down 1.9 %

Element Solutions stock opened at $25.68 on Wednesday. The company has a current ratio of 3.50, a quick ratio of 2.60 and a debt-to-equity ratio of 0.80. The stock has a market cap of $6.22 billion, a PE ratio of 47.56, a P/E/G ratio of 1.39 and a beta of 1.29. The stock has a 50-day moving average price of $25.82 and a 200 day moving average price of $25.49. Element Solutions has a 52 week low of $17.57 and a 52 week high of $28.68.

Element Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.08 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.32 annualized dividend and a yield of 1.25%. Element Solutions’s payout ratio is 59.26%.

Institutional Trading of Element Solutions

A number of institutional investors have recently added to or reduced their stakes in ESI. Richardson Financial Services Inc. acquired a new position in shares of Element Solutions during the fourth quarter worth about $27,000. Quarry LP acquired a new position in Element Solutions during the 2nd quarter worth approximately $31,000. LRI Investments LLC purchased a new position in Element Solutions in the 1st quarter worth approximately $78,000. EverSource Wealth Advisors LLC grew its position in Element Solutions by 39.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,056 shares of the company’s stock valued at $82,000 after acquiring an additional 864 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of Element Solutions by 14,600.0% during the second quarter. Quest Partners LLC now owns 3,234 shares of the company’s stock valued at $88,000 after purchasing an additional 3,212 shares during the period. 92.32% of the stock is owned by hedge funds and other institutional investors.

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.