Element Solutions (NYSE:ESI) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $0.84-0.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.84.

NYSE:ESI opened at $11.73 on Friday. The company’s 50 day moving average price is $10.40 and its 200-day moving average price is $10.17. Element Solutions has a 52 week low of $8.55 and a 52 week high of $12.74. The company has a quick ratio of 2.14, a current ratio of 2.74 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 83.79 and a beta of 2.13.

Element Solutions (NYSE:ESI) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. Element Solutions had a negative net margin of 18.53% and a positive return on equity of 5.76%. The firm had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $469.25 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Element Solutions will post 0.84 earnings per share for the current year.

ESI has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Element Solutions from a hold rating to a sell rating and set a $10.00 price target on the stock. in a report on Thursday, October 10th. CIBC reiterated an average rating and set a $5.00 price target on shares of Element Solutions in a report on Tuesday, October 15th. Barclays reiterated a hold rating and set a $11.00 price target on shares of Element Solutions in a report on Wednesday, August 7th. SunTrust Banks cut their price target on shares of Element Solutions from $11.00 to $10.00 and set a hold rating on the stock in a report on Friday, October 11th. Finally, ValuEngine cut shares of Element Solutions from a hold rating to a sell rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $8.42.

In related news, COO Scot Benson bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $9.37 per share, for a total transaction of $93,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 13.30% of the company’s stock.

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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