After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Element Solutions Inc Announces 2023 Fourth Quarter and Full Year Financial Results.
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Stocks Info
This NYSE-listed company operates within the Specialty Chemicals industry segment, falling under the Basic Materials sector. The current market capitalization of Element Solutions Inc is $5.65B. A total of 0.78 million shares were traded on the day, compared to an average of 1.36M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, ESI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 8 BUYs and 10 SELLs from insiders. Insiders purchased 444,569 shares during that period but sold 668,541.
In the most recent transaction, Gliklich Benjamin sold 6,579 shares of ESI for 23.20 per share on Feb 15. After the transaction, the President and CEO now owns 726,399 company shares. In a previous transaction on Feb 15, D’Ambrisi Joseph J. sold 1,771 shares at 23.20 per share. ESI shares that EVP Head of Electronics owns now total 410,077.
Among the insiders who sold shares, Dorman Carey J. disposed of 1,410 shares on Feb 15 at a per-share price of $23.20. This resulted in the EVP, CFO holding 177,113 shares of ESI after the transaction. In another insider transaction, Goralski Michael sold 1,169 shares at $23.20 per share on Feb 15. Company shares held by the Former EVP, Head of I&S now total 146,297.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Element Solutions Inc pays an annual dividend of $0.32, resulting in a dividend yield of 1.37%, and it has a price to earnings (P/E) ratio of 49.03. ESI’s most recent ex-dividend date was 2/29/2024 when it declared a $0.08 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The ESI stock dividend was $0.08 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ESI in the last 3 months, the mean price target is $26.44 with high estimates of $30.00 and low estimates of $22.00. In terms of 52-week highs and lows, ESI has a high of $24.14 and a low of $17.08.
As of this writing, ESI has an earnings estimate of $0.31 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.32 per share and a lower estimate of $0.31. The company reported an EPS of $0.36 in the last quarter, which was 9.10% higher than expectations of $0.33.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ESI’s latest balance sheet shows that the firm has $330.10M in Cash & Short Term Investments as of fiscal 2021. There were $1.93B in debt and $415.20M in liabilities at the time. Its Book Value Per Share was $9.64, while its Total Shareholder’s Equity was $2.50B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ESI is Buy with a score of 4.63.
