Shares of Element Solutions Inc (NYSE:ESI) have received an average broker rating score of 2.33 (Buy) from the six analysts that provide coverage for the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company.
Brokers have set a 1 year consensus price target of $13.00 for the company and are forecasting that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also given Element Solutions an industry rank of 66 out of 256 based on the ratings given to its competitors.
Several analysts recently issued reports on ESI shares. Raymond James reissued an “average” rating and issued a $6.50 price target on shares of Element Solutions in a research report on Monday, April 8th. Zacks Investment Research raised shares of Element Solutions from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, March 28th.
In other Element Solutions news, COO Scot Benson purchased 20,000 shares of Element Solutions stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rakesh Sachdev sold 28,764 shares of Element Solutions stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $10.71, for a total transaction of $308,062.44. The disclosure for this sale can be found here. Company insiders own 13.30% of the company’s stock.
Shares of ESI stock opened at $10.41 on Monday. The company has a market cap of $2.74 billion, a PE ratio of 20.75 and a beta of 2.20. Element Solutions has a 52 week low of $9.26 and a 52 week high of $13.54. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.20 and a quick ratio of 1.75.
Element Solutions (NYSE:ESI) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $459.80 million during the quarter, compared to the consensus estimate of $471.76 million. Element Solutions had a negative net margin of 13.82% and a positive return on equity of 6.63%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, sell-side analysts expect that Element Solutions will post 0.85 earnings per share for the current fiscal year.
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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