Element Solutions (NYSE:ESI) posted its quarterly earnings data on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05, Briefing.com reports. Element Solutions had a negative net margin of 18.53% and a positive return on equity of 5.76%. The company had revenue of $464.70 million during the quarter, compared to the consensus estimate of $469.25 million. During the same period in the previous year, the firm posted $0.05 EPS. The firm’s revenue was down 4.9% compared to the same quarter last year. Element Solutions updated its FY19 guidance to $0.84-0.87 EPS.
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Element Solutions stock traded up $0.32 during mid-day trading on Friday, hitting $11.73. The company’s stock had a trading volume of 4,582,488 shares, compared to its average volume of 2,412,126. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.74 and a quick ratio of 2.14. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 83.79 and a beta of 2.13. The business has a 50 day moving average price of $10.40 and a 200-day moving average price of $10.17. Element Solutions has a 12 month low of $8.55 and a 12 month high of $12.74.
In other Element Solutions news, COO Scot Benson purchased 10,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $9.37 per share, with a total value of $93,700.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.30% of the company’s stock.
A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Element Solutions from a “hold” rating to a “sell” rating and set a $10.00 price objective for the company. in a report on Thursday, October 10th. Barclays reaffirmed a “hold” rating and set a $11.00 price objective on shares of Element Solutions in a report on Wednesday, August 7th. CIBC reaffirmed an “average” rating and set a $5.00 price objective on shares of Element Solutions in a report on Tuesday, October 15th. ValuEngine downgraded shares of Element Solutions from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Finally, SunTrust Banks dropped their price objective on shares of Element Solutions from $11.00 to $10.00 and set a “hold” rating for the company in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.42.
Element Solutions Company Profile
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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