Element Solutions Inc (NYSE:ESI) has a beta value of 1.64 and has seen 0.85 million shares traded in the last trading session. The company, currently valued at $5.60B, closed the last trade at $22.53 per share which meant it lost -$0.08 on the day or -0.35% during that session. The ESI stock price is -9.63% off its 52-week high price of $24.70 and 54.64% above the 52-week low of $10.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.98 million shares traded. The 3-month trading volume is 1.32 million shares.
The consensus among analysts is that Element Solutions Inc (ESI) is an Overweight stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 9 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.34.
Element Solutions Inc (NYSE:ESI) trade information
Sporting -0.35% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the ESI stock price touched $22.53 or saw a rise of 4.17%. Year-to-date, Element Solutions Inc shares have moved 27.07%, while the 5-day performance has seen it change -3.72%. Over the past 30 days, the shares of Element Solutions Inc (NYSE:ESI) have changed -2.09%. Short interest in the company has seen 4.22 million shares shorted with days to cover at 3.08.
Wall Street analysts have a consensus price target for the stock at $27.38, which means that the shares’ value could jump 17.71% from current levels. The projected low price target is $22.00 while the price target rests at a high of $30.00. In that case, then, we find that the current price level is -33.16% off the targeted high while a plunge would see the stock lose 2.35% from current levels.
Element Solutions Inc (ESI) estimates and forecasts
Figures show that Element Solutions Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 19.33% over the past 6 months, with this year growth rate of 43.75%, compared to 29.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 54.50% and 3.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 23.30%.
5 analysts offering their estimates for the company have set an average revenue estimate of $576.18 million for the current quarter. 5 have an estimated revenue figure of $574.29 million for the next quarter concluding in Dec 2021. Year-ago sales stood $437.71 million and $536.6 million respectively for this quarter and the next, and analysts expect sales will grow by 31.60% for the current quarter and 7.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 17.10% over the past 5 years. Earnings growth for 2021 is a modest 1.30% while over the next 5 years, the company’s earnings are expected to increase by 12.30%.
Element Solutions Inc is expected to release its next earnings report between October 25 and October 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.24 at a share yield of 1.07%. The company’s dividend yield has gone up over the past 12 months.
Element Solutions Inc (NYSE:ESI)’s Major holders
Insiders own 6.60% of the company shares, while shares held by institutions stand at 98.07% with a share float percentage of 105.00%. Investors are also buoyed by the number of investors in a company, with Element Solutions Inc having a total of 343 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 20.57 million shares worth more than $480.87 million. As of Jun 29, 2021, Vanguard Group, Inc. (The) held 8.31% of shares outstanding.
The other major institutional holder is Price (T.Rowe) Associates Inc, with the holding of over 19.18 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $448.33 million and represent 7.75% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Hartford Mid Cap Fund and DFA U.S. Small Cap Value Series. As of Apr 29, 2021, the former fund manager holds about 2.91% shares in the company for having 7.2 million shares of worth $157.49 million while later fund manager owns 6.3 million shares of worth $137.74 million as of Apr 29, 2021, which makes it owner of about 2.54% of company’s outstanding stock.