With 1.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.31 million shares. During the session, the Specialty Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $29.04 whereas the lowest price it dropped to was $28.22. The 52-week range on ESI shows that it touched its highest point at $28.68 and its lowest point at $18.82 during that stretch. It currently has a 1-year price target of $31.90. With its current market cap of 7.00 billion, ESI has annualized dividend of $0.32 while the current yield stands at 1.11%. Beta for the stock currently stands at 1.28.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ESI was up-trending over the past week, with a rise of 4.67%, but this was up by 12.54% over a month. Three-month performance surged to 15.74% while six-month performance rose 21.48%. The stock gained 49.51% in the past year, while it has gained 24.89% so far this year. A look at the trailing 12-month EPS for ESI yields 1.10 with Next year EPS estimates of 1.62. For the next quarter, that number is 0.35. This implies an EPS growth rate of 11.42% for this year and 12.46% for next year.
Float and Shares Shorts:
At present, 241.53 million ESI shares are outstanding with a float of 222.00 million shares on hand for trading. On 2024-10-15, short shares totaled 1.65 million, which was 68.0 higher than short shares on 1726185600. In addition to Sir Martin Ellis Franklin as the firm’s Founder & Executive Chairman, Mr. Benjamin Gliklich serves as its CEO, President & Director.
Institutional Ownership:
Through their ownership of 0.94541 of ESI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ESI reported revenue of $645000000.0 and operating income of $95000000.0. The EBITDA in the recently reported quarter was $119700000.0 and diluted EPS was $0.17.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ESI since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ESI analysts setting a high price target of 34.0 and a low target of 30.0, the average target price over the next 12 months is 31.86. Based on these targets, ESI could surge 17.65% to reach the target high and rise by 3.81% to reach the target low. Reaching the average price target will result in a growth of 10.24% from current levels.
Analysts have provided yearly estimates in a range of $1.44736 being high and $1.41742 being low. For ESI, this leads to a yearly average estimate of $1.43738. The surprise factor in the prior quarter was $0.35. Based on analyst estimates, the high estimate for the next quarter is $0.4 and the low estimate is $0.33. The average estimate for the next quarter is thus $0.37.
