What Are The Chances Of Element Solutions Inc (NYSE: ESI) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Element Solutions Inc Announces 2023 Fourth Quarter and Full Year Financial Results.

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Stocks Info

As a NYSE listed company, ESI falls under the Basic Materials sector while operating within the Specialty Chemicals industry segment. At the end of the last regular session, the stock closed at $24.41 and fluctuated between $24.64 as its day high and $24.07 as its day low. The current market capitalization of Element Solutions Inc is $5.91B. A total of 1.68 million shares were traded on the day, compared to an average of 1.34M shares.

In the most recent transaction, Fricke Richard L. sold 9,500 shares of ESI for 23.40 per share on Feb 28 ’24. After the transaction, the SVP, Electronics now owns 36,229 company shares. In a previous transaction on Feb 15 ’24, Gliklich Benjamin sold 6,579 shares at 23.20 per share. ESI shares that President and CEO owns now total 726,399.

Among the insiders who sold shares, D’Ambrisi Joseph J. disposed of 1,771 shares on Feb 15 ’24 at a per-share price of $23.20. This resulted in the EVP Head of Electronics holding 410,077 shares of ESI after the transaction. In another insider transaction, Dorman Carey J. sold 1,410 shares at $23.20 per share on Feb 15 ’24. Company shares held by the EVP, CFO now total 177,113.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Element Solutions Inc pays an annual dividend of $0.32, resulting in a dividend yield of 1.31%, and it has a price to earnings (P/E) ratio of 51.26. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ESI has a high of $24.43 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 9 estimates, with a high estimate of $0.33 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 4.44.

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