Zacks: Element Solutions Inc (ESI) Receives Average Recommendation of “Buy” from Brokerages

Shares of Element Solutions Inc (NYSE:ESI) have received a consensus broker rating score of 2.33 (Buy) from the six brokers that provide coverage for the stock, Zacks Investment Research reports. Four analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.

Brokerages have set a one year consensus target price of $13.00 for the company and are expecting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also assigned Element Solutions an industry rank of 80 out of 256 based on the ratings given to its competitors.

A number of research firms recently issued reports on ESI. Zacks Investment Research raised shares of Element Solutions from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Monday, March 4th. Barclays reissued an “equal weight” rating and issued a $13.00 price objective on shares of Element Solutions in a report on Monday, February 11th. Finally, Raymond James reissued an “average” rating and issued a $6.50 price objective on shares of Element Solutions in a report on Monday, April 8th.

In other news, COO Scot Benson purchased 20,000 shares of the stock in a transaction on Monday, May 13th. The shares were acquired at an average price of $10.50 per share, with a total value of $210,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Benjamin Gliklich purchased 5,000 shares of the stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $10.73 per share, for a total transaction of $53,650.00. The disclosure for this purchase can be found here. Company insiders own 13.30% of the company’s stock.

Shares of ESI stock traded up $0.03 during trading hours on Friday, reaching $9.67. The company had a trading volume of 1,208,307 shares, compared to its average volume of 2,787,053. Element Solutions has a one year low of $9.26 and a one year high of $13.54. The firm has a market capitalization of $2.45 billion, a PE ratio of 69.07 and a beta of 2.32. The company has a quick ratio of 1.75, a current ratio of 2.20 and a debt-to-equity ratio of 0.67.

Element Solutions (NYSE:ESI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $459.80 million for 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 was down 6.6% on a year-over-year basis. Analysts anticipate that Element Solutions will post 0.85 earnings per share for the current 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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