Element Solutions (NYSE:ESI) issued its quarterly earnings results on Wednesday. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02, Briefing.com reports. The business had revenue of $454.70 million for the quarter, compared to analysts’ expectations of $449.02 million. Element Solutions had a net margin of 2.85% and a return on equity of 6.67%. The company’s revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. Element Solutions updated its FY 2020
Pre-Market guidance to 0.93-0.97 EPS and its FY20 guidance to $0.93-0.97 EPS.
Shares of ESI stock opened at $10.85 on Thursday. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 57.11 and a beta of 2.13. Element Solutions has a one year low of $8.55 and a one year high of $12.74. The company’s fifty day moving average price is $12.04 and its 200-day moving average price is $10.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.93 and a quick ratio of 2.25.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Element Solutions from a “hold” rating to a “sell” rating and set a $12.00 price target on the stock. in a research note on Friday, January 10th. Goldman Sachs Group upgraded shares of Element Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $14.00 in a research note on Monday, November 18th. Finally, ValuEngine upgraded shares of Element Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.50.
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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