Element Solutions Inc (ESI) To Go Ex-Dividend on December 2nd

Element Solutions Inc (NYSE:ESI) declared a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.08 per share on Monday, December 16th. This represents a $0.32 annualized dividend and a yield of 1.12%. The ex-dividend date is Monday, December 2nd.

Element Solutions has increased its dividend by an average of 85.7% per year over the last three years. Element Solutions has a payout ratio of 19.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Element Solutions to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 20.0%.

Element Solutions Stock Up 0.7 %

ESI stock opened at $28.68 on Friday. Element Solutions has a 52 week low of $20.31 and a 52 week high of $29.78. The company has a quick ratio of 2.77, a current ratio of 3.52 and a debt-to-equity ratio of 0.78. The firm has a 50-day simple moving average of $27.13 and a 200-day simple moving average of $26.25. The stock has a market capitalization of $6.95 billion, a P/E ratio of 25.84, a P/E/G ratio of 1.57 and a beta of 1.29.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $645.00 million during the quarter, compared to analyst estimates of $626.52 million. Element Solutions had a return on equity of 14.42% and a net margin of 11.08%. Element Solutions’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. Equities analysts forecast that Element Solutions will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ESI has been the topic of a number of research reports. Barclays raised their price objective on Element Solutions from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Wolfe Research raised shares of Element Solutions from a “peer perform” rating to an “outperform” rating in a research note on Friday, October 25th. StockNews.com cut shares of Element Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Seaport Res Ptn raised shares of Element Solutions to a “strong-buy” rating in a research note on Monday, October 14th. Finally, BMO Capital Markets upped their price target on Element Solutions from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Element Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

About Element Solutions

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.