For its first fiscal quarter (ending March 31), Element Solutions Inc (NYSE: ESI) has reported a 28% increase in E.P.S. from $0.18 a year ago to $0.23 in the current quarter. However, this performance was $-0.14 short of the consensus estimate of $0.37. E.P.S. were $0.53 for the latest four quarters through March 31 versus $0.70 for the same period a year ago — a decline of -24%.
Recent Price Action
Element Solutions Inc (NYSE: ESI) stock increased 1.3% on 4/29/24. The shares closed at $24.15. Moreover, this advance was accompanied by unusually high trading volume at 181% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.6% during the last week.
Current PriceTarget Research Rating
ESI is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Element Solutions has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Element Solutions has a slightly negative Appreciation Score of 35 but a good Power Rating of 80, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment