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Element Solutions Inc. (ESI) produces and sells specialty chemical products the United States, China, and internationally.
The company operates in two segments, Electronics and Industrial & Specialty.
The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products. This segment offers electronic assembly materials; circuitry solutions comprising circuit board metallization products, circuit formation products, electronic materials, and surface finishes; and semiconductor solutions. This segment primarily serves mobile communications, computers, automobiles, and aerospace equipment industries.
The Industrial & Specialty segment provides industrial solutions, which include chemical systems that protect and decorate metal and plastic surfaces; consumable chemicals that enable printing image transfer on flexible packaging materials; and energy solutions, which consist of chemistries used in water-based hydraulic control fluids for offshore deep-water production and drilling applications. This segment's products include electroless nickel products, plating products, pre-treatment and cleaning solutions, functional conversion coatings, hard-coated films, and water treatment products; solid sheet printing elements and liquid imaging products; and offshore fluids. This segment serves the aerospace, automotive, construction, consumer electronics, consumer packaged goods, and oil and gas production end markets.
On July 28th, Element Solutions (ESI) reported 2nd Quarter June 2021 earnings of $0.35 per share on revenue of $586.6 million. The consensus earnings estimate was $0.34 per share on revenue of $542.4 million. Revenue grew 51.6% on a year-over-year basis.
The company said it expects 2021 earnings of at least $1.35 per share. The company's previous guidance was earnings of more than $1.30 per share and the current consensus earnings estimate is $1.37 per share for the year ending December 31, 2021. Since the report, shares have formed a bullish "wedge" and share prices are expected to move higher out of this fromation.
Entry Point: $23.35
Trading Range: $10.22 - $24.70
Stop Loss: $20.00
Target Price: $26.00
Closed at $26.55
