Element Solutions Inc (NYSE: ESI) kicked off on January 24, 2023, at the price of $20.23. During the day, the shares moved up to $20.245 and dropped to $20.03 before settling in for the closing price of $20.20. Over the past 52 weeks, ESI has traded in a range of $15.31-$24.84.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 6.30%. While this was happening, its average annual earnings per share was recorded 166.50%. With a float of $224.18 million, this company’s outstanding shares have now reached $244.70 million.
Considering the fact that the conglomerate employs 5300 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +40.04, operating margin of +12.98, and the pretax margin is +10.49.
Element Solutions Inc (ESI) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Specialty Chemicals Industry. The insider ownership of Element Solutions Inc is 7.40%, while institutional ownership is 93.50%. The most recent insider transaction that took place on Nov 18, was worth 2,551,500. In this transaction Director of this company bought 135,000 shares at a rate of $18.90, taking the stock ownership to the 1,037,000 shares. Before that another transaction happened on Nov 15, when Company’s Director bought 350,000 for $19.14, making the entire transaction worth $6,699,000. This insider now owns 902,000 shares in total.
Element Solutions Inc (ESI) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/29/2022, the organization reported $0.36 earnings per share (EPS), higher than consensus estimate (set at $0.36) by $0. This company achieved a net margin of +8.46 while generating a return on equity of 8.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 166.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.56% during the next five years compared to 26.90% growth over the previous five years of trading.
Element Solutions Inc (NYSE: ESI) Trading Performance Indicators
Take a look at Element Solutions Inc’s (ESI) current performance indicators. Last quarter, stock had a quick ratio of 2.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.82. Likewise, its price to free cash flow for the trailing twelve months is 25.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.72, a number that is poised to hit 0.28 in the next quarter and is forecasted to reach 1.40 in one year’s time.
Technical Analysis of Element Solutions Inc (ESI)
Compared to the last year’s volume of 1.05 million, its volume of 0.84 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 95.00%. Additionally, its Average True Range was 0.43.
During the past 100 days, Element Solutions Inc’s (ESI) raw stochastic average was set at 98.19%, which indicates a significant increase from 96.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.16% in the past 14 days, which was lower than the 35.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.93, while its 200-day Moving Average is $18.94. Nevertheless, the first resistance level for the watch stands at $20.29 in the near term. At $20.37, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.50. If the price goes on to break the first support level at $20.07, it is likely to go to the next support level at $19.94. Should the price break the second support level, the third support level stands at $19.86.
Element Solutions Inc (NYSE: ESI) Key Stats
The company with the Market Capitalisation of 4.78 billion has total of 242,086K Shares Outstanding. Its annual sales at the moment are 2,400 M in contrast with the sum of 203,300 K annual income. Company’s last quarter sales were recorded 618,500 K and last quarter income was 53,200 K.