Element Solutions (NYSE:ESI) Stock, Quote.Headers.trade-ideas

Element Solutions

Element Solutions Inc is a specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. The company has two segments which are Electronics and Industrial & Specialty. The Industrial & Specialty segment which generates majority of the revenue, includes chemical systems that protect and decorate metal and plastic surfaces; consumable chemicals that enable printing image transfer on flexible packaging materials; and chemistries used in water-based hydraulic control fluids in offshore energy production. Electronics segment researches, formulates and sells specialty chemicals and process technologies for all types of electronics hardware, from complex printed circuit board designs to semiconductor packaging.

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Air Products and Chemicals, Inc. (NYSE: APD) is expected to gain from its project investments, productivity actions and new business deals amid the softness in China and Europe.

The company&#39;s shares have lost 9.6% over a year compared with a 10.6% decline of its industry.

Here&#39;s Why You Should Hold Onto Air Products Stock for Now

FMC Corporation&#39;s (NYSE: FMC) shares have gained 9.6% over the past three months. The company has also outperformed its industry&#39;s decline of 7.8% over the same time frame. FMC has also topped the S&amp;P 500&#39;s roughly 2.9% rise over the same period.

FMC Shares Rise 10% in 3 Months: What&#39;s Driving the Stock?

Eastman Chemical Company (NYSE: EMN) is benefiting from cost-cutting and productivity actions as well as its innovation-driven growth model amid challenges from soft demand in certain markets.

Shares of EMN are up 22.1% over the past year compared with a 7.4% decline of its industry.

Here&#39;s Why You Should Hold Onto Eastman Chemical Stock for Now

Element Solutions Inc

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Element Solutions's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) short percent of float has risen 13.0% since its last report. The company recently reported that it has 2.52 million shares sold short, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.94 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Element Solutions Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726085725_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Element Solutions has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Element Solutions's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Element Solutions's peer group average for short interest as a percentage of float is 3.69%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Looking Into Element Solutions's Recent Short Interest

Air Products and Chemicals, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apd#NYSE">APD</a>) is expected to gain from its project investments, productivity actions and new business deals amid the softness in China and Europe.
The company&#39;s shares have lost 9.6% over a year compared with a 10.6% decline of its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/96/77101.jpg?v=847617279" />
Image Source: Zacks Investment Research
Let&#39;s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.
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<h2>High-return Projects and Productivity Actions Aid APD Stock</h2>
Air Products is well-placed to benefit from its investments in high-return industrial gas projects and productivity measures. It remains focused on its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows.
APD is realizing the benefits of the completion of the second phase of the Jazan project in Saudi Arabia. The company has a total available capacity to deploy (over fiscal 2024-2033) $30.8 billion in high-return investments aimed at creating significant shareholder value.
Air Products is also driving productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs are likely to support its margins moving ahead. The company also remains focused on improving pricing amid an inflationary environment.
The company also remains committed to maximizing returns to shareholders leveraging strong balance sheet and cash flows. Air Products&#39; board, in January 2024, increased its quarterly dividend to $1.77 per share. This marked the 42nd straight year of dividend increase. APD paid roughly $1.5 billion in dividends to shareholders in 2023. It expects to return roughly $1.6 billion to shareholders through dividends in 2024.
<h2>Softness in China &amp; Europe a Worry for Air Products</h2>
The slowdown in China and Europe may affect APD&#39;s business in these regions. The sluggish China economy is impacting volumes in the Industrial Gases - Asia segment. A slower economic recovery in China and the softness in electronics may continue to affect the segment&#39;s volumes.
Air Products is also seeing weak demand for merchant products in Europe. Its volumes in Europe rose modestly year-over-year in the fiscal third quarter as the contribution of the new assets in Uzbekistan offset weaker merchant volumes. The lack of growth in industrial output in Europe is a concern for the near term.
<div class="chart_embed">
<h3>Air Products and Chemicals, Inc. Price and Consensus</h3>
<img alt="Air Products and Chemicals, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/3f/1725958852.png" style="height:265px; width:590px" title="" />
Air Products and Chemicals, Inc. price-consensus-chart | Air Products and Chemicals, Inc. Quote
</div>
<h2>Stocks to Consider</h2>
Better-ranked stocks in the Basic Materials space are, Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>), Element Solutions Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14, indicating a rise of 15.3% from year-ago levels. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days. The stock has rallied around 101% in the past year.
The consensus estimate for Element Solutions&#39; current-year earnings has increased by 0.7% in the past 60 days. ESI beat the consensus estimate in three of the last four quarters while delivering in-line results on the other occasion. In this timeframe, it delivered an earnings surprise of around 3.8%, on average.
The Zacks Consensus Estimate for Eldorado Gold&#39;s current year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 64% in the past year.
<a href="https://www.zacks.com/stock/news/2333874/here-s-why-you-should-hold-onto-air-products-stock-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2333874">To read this article on Zacks.com click here.</a>

Here's Why You Should Hold Onto Air Products Stock for Now

FMC Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fmc#NYSE">FMC</a>) shares have gained 9.6% over the past three months. The company has also outperformed its industry&#39;s decline of 7.8% over the same time frame. FMC has also topped the S&amp;P 500&#39;s roughly 2.9% rise over the same period.
Let&#39;s dive into the factors behind this Zacks Rank #3 (Hold) stock&#39;s price appreciation.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/25/76914.jpg?v=1710638083" style="height:412px; width:610px" />
Image Source: Zacks Investment Research
<h2>New Products, Restructuring Actions Aid FMC Stock</h2>
FMC delivered better-than-expected results in the second quarter on the back of higher volumes. It saw improved demand in the quarter, leading to an increase in sales volumes, especially in the United States and Brazil. The company is gaining from efforts to expand its product portfolio through new product launches and restructuring actions.
FMC is investing in technologies as well as new product launches to enhance value to the farmers. New products launched in Europe, North America and Asia are gaining significant traction. Product introductions are expected to support the company&#39;s results this year.
The company generated $590 million in sales in 2023 from new products launched in the past five years. It expects revenues from new products to grow by roughly $200 million in 2024. It expects a significant amount of volume growth to come from new products in the second half of 2024. FMC is seeing strong gains in new products including Coragen eVo and Premio Star insecticides and the Onsuva fungicide in Latin America.
The acquisition of BioPhero ApS, a Denmark-based pheromone research and production company, also adds biologically produced state-of-the-art pheromone insect control technology to the company&#39;s product portfolio and R&amp;D pipeline, highlighting FMC&#39;s role as a leader in delivering innovative and sustainable crop protection solutions.
FMC is also expected to benefit from reduced input costs, a favorable product mix and its cost-control actions. It benefited from favorable input costs in the second quarter of 2024. FMC is also making progress with its global restructuring and cost-reduction program. It sees benefits from restructuring to contribute $75-$100 million to full-year 2024 adjusted EBITDA, net of inflation.
<div class="chart_embed">
<h3>FMC Corporation Price and Consensus</h3>
<img alt="FMC Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/18/1725873589.png" style="height:265px; width:576px" title="" />
FMC Corporation price-consensus-chart | FMC Corporation Quote
</div>
<h2>Stocks to Consider</h2>
Better-ranked stocks in the Basic Materials space are Newmont Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>), Element Solutions Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75.2% from year-ago levels. The Zacks Consensus Estimate for NEM&#39;s earnings has increased 16% in the past 60 days. The stock has rallied around 29% in the past year.
The consensus estimate for Element Solutions&#39; current-year earnings has increased by 0.7% in the past 60 days. ESI beat the consensus estimate in three of the last four quarters while delivering in-line results on the other occasion. In this timeframe, it delivered an earnings surprise of around 3.8%, on average.
The Zacks Consensus Estimate for Eldorado Gold&#39;s current year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 61% in the past year.
<a href="https://www.zacks.com/stock/news/2333348/fmc-shares-rise-10-in-3-months-what-s-driving-the-stock?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2333348">To read this article on Zacks.com click here.</a>

FMC Shares Rise 10% in 3 Months: What's Driving the Stock?

Eastman Chemical Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/emn#NYSE">EMN</a>) is benefiting from cost-cutting and productivity actions as well as its innovation-driven growth model amid challenges from soft demand in certain markets.
Shares of EMN are up 22.1% over the past year compared with a 7.4% decline of its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/40/76792.jpg?v=1565582696" />
Image Source: Zacks Investment Research
Let&#39;s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.
<h2>Eastman Chemical Gains on Cost Actions &amp; Innovation</h2>
Eastman is gaining from its actions to manage costs. It is expected to benefit from lower operating costs from its operational transformation program in 2024.
EMN is taking action to keep its manufacturing and administrative costs in control. It achieved cost savings of around $200 million in 2023, net of inflation.&nbsp; Pricing initiatives and lower raw material and energy costs are also expected to support the company&#39;s bottom line. The company plans to maintain pricing discipline and improve asset utilization throughout the year.
Eastman aims to increase new business revenues by utilizing its innovation-driven growth strategy. Innovation and market development initiatives are expected to support its sales volumes. Its specialty portfolio is expected to drive sales growth across key end markets such as consumer durables, building &amp; construction and transportation.
The company is also expected to gain from the revenues and earnings generated by its Kingsport methanolysis facility in 2024. It anticipates a $50 million incremental EBITDA contribution from the Kingsport facility.
Eastman Chemical also remains focused on maintaining a disciplined approach to capital allocation with an emphasis on debt reduction. It returned $526 million to shareholders in 2023 through dividends and share repurchases. It also raised its dividend for the 14th consecutive year. EMN expects to repurchase shares worth around $300 million in 2024.
<h2>Demand Weakness a Concern for EMN Stock</h2>
EMN is exposed to headwinds from weak demand in certain markets. It is seeing soft demand in building &amp; construction and cautious customer behavior in consumer durables and electronics. Demand in building &amp; construction remains sluggish in most regions.
While Eastman Chemical is seeing an end of customer inventory de-stocking across most of its end markets, the same is expected to continue in medical applications in the second half of 2024. Weaker demand is expected to adversely impact its performance in the third quarter of 2024.
<div class="chart_embed">
<h3>Eastman Chemical Company Price and Consensus</h3>
<img alt="Eastman Chemical Company Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/3c/1725614461.png" style="height:265px; width:583px" title="" />
Eastman Chemical Company price-consensus-chart | Eastman Chemical Company Quote
</div>
<h2>Stocks to Consider</h2>
Better-ranked stocks in the Basic Materials space are Newmont Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>), Element Solutions Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75.2% from year-ago levels. The Zacks Consensus Estimate for NEM&#39;s earnings has increased 16% in the past 60 days. The stock has rallied around 35% in the past year.
The consensus estimate for Element Solutions&#39; current-year earnings has increased by 0.7% in the past 60 days. ESI beat the consensus estimate in three of the last four quarters while delivering in-line results on the other occasion. In this timeframe, it delivered an earnings surprise of around 3.8%, on average.
The Zacks Consensus Estimate for Eldorado Gold&#39;s current year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 73% in the past year.
<a href="https://www.zacks.com/stock/news/2332583/here-s-why-you-should-hold-onto-eastman-chemical-stock-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2332583">To read this article on Zacks.com click here.</a>

Here's Why You Should Hold Onto Eastman Chemical Stock for Now

Element Solutions Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) has agreed to sell its flexographic printing plate business, MacDermid Graphics Solutions, to XSYS &mdash; a global specialist provider in the flexographic printing space &mdash; for an enterprise value of around $325 million. The transfer involves substantially all of Graphics Solutions reporting vertical of Element Solutions. An existing capital loss is expected to offset almost all of the taxable benefits from this transaction.
The net proceeds are intended to be used to further reduce leverage and for general company objectives. The acquisition is projected to close in late 2024 or the first half of 2025, depending on usual closing conditions, adjustments and regulatory approvals.
MacDermid Graphics is a quality business that is not core to Element Solutions&#39; portfolio or long-term vision, ESI noted. XSYS provides an excellent environment for its exceptional workforce. ESI&#39;s portfolio will be more concentrated and better positioned for faster growth and higher cash flow conversion in the future, with a stronger balance sheet to explore future growth opportunities in its core markets.
Shares of Element Solutions have gained 23% over the past year against a 9.3% decline of its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a7/76646.jpg?v=1072801301" />
Image Source: Zacks Investment Research
ESI, on its second-quarter call, said that it now expects adjusted EBITDA in the range of $530-$545 million for 2024. The company anticipates generating a free cash flow in the range of $280-$300 million for the year.
<div class="chart_embed">
<h3>Element Solutions Inc. Price and Consensus</h3>
<h2><img alt="Element Solutions Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/82/1725528174.png" style="height:265px; width:577px" title="" /></h2>
Element Solutions Inc. price-consensus-chart | Element Solutions Inc. Quote
</div>
<h2>Zacks Rank &amp; Other Key Picks</h2>
ESI currently carries a Zacks Rank #1 (Strong Buy).
Other top-ranked stocks in the basic materials space include Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and Newmont Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>).
Carpenter Technology currently carries a Zacks Rank #1. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.9%. The company&#39;s shares have soared 108.4% in the past year.
The Zacks Consensus Estimate for Eldorado&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. The Zacks Consensus Estimate for EGO&#39;s current-year earnings has been going up in the past 30 days. EGO, a Zacks Rank #1 stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 71% in the past year.
The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75% from the year-ago level. The consensus mark for NEM&#39;s earnings has increased 14% in the past 60 days. NEM, a Zacks Rank #1 stock, has gained nearly 32.9% in the past year.&nbsp;
<a href="https://www.zacks.com/stock/news/2331839/element-solutions-agrees-to-divest-macdermid-graphics-solutions?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2331839">To read this article on Zacks.com click here.</a>

Element Solutions Agrees to Divest MacDermid Graphics Solutions

The MacDermid Graphics Solutions business transferring to XSYS constitutes substantially all of Element Solutions&#39; Graphics Solutions reporting vertical.
Net proceeds are expected to be used to further reduce leverage and for general corporate purposes. The transaction is expected to close in late 2024 or the first half of 2025

Asset Sales

Element Solutions Agrees To Sell Its Flexographic Printing Plate Business, MacDermid Graphics Solutions, To XSYS For An Enterprise Value Of Approx. $325M

Air Products and Chemicals, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apd#NYSE">APD</a>) shares have popped 19.9% over the past six months. The company has also outperformed its industry&#39;s rise of 4.1% over the same time frame. APD has also topped the S&amp;P 500&#39;s roughly 11.2% rise over the same period.
Let&#39;s take a look into the factors that are driving this Zacks Rank #3 (Hold) stock.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bc/75500.jpg?v=555085295" />
Image Source: Zacks Investment Research
<h2>What&#39;s Going in APD&#39;s Favor?</h2>
Forecast-topping earnings performance in the fiscal third quarter and upbeat prospects have contributed to the rally in the company&#39;s shares. Air Products&#39; earnings from continuing operations for the third quarter rose to $3.13 per share from $2.67 in the year-ago quarter.
Adjusted earnings per share of $3.20 topped the Zacks Consensus Estimate of $3.04. APD continues to expect fiscal 2024 adjusted earnings per share of $12.20-$12.50, suggesting a 6-9% increase from the previous year.
Air Products is gaining from its investments in high-return industrial gas projects and productivity measures. It remains focused on its gasification strategy and is executing its growth projects. These projects are expected to be accretive to earnings and cash flows. The company has a total available capacity to deploy (over fiscal 2024-2033) $30.8 billion in high-return investments aimed at creating significant shareholder value.
APD is also driving productivity to improve its cost structure. It is seeing the positive impacts of its productivity actions. Benefits from additional productivity and cost improvement programs will likely support its margins. The company also remains focused on improving pricing amid an inflationary environment.
The company remains committed to maximizing returns to shareholders leveraging strong cash flows. Air Products&#39; board, in January 2024, increased its quarterly dividend to $1.77 per share. This marked the 42nd straight year of dividend increase. The company paid roughly $1.5 billion in dividends to shareholders in 2023. APD expects to return roughly $1.6 billion to shareholders through dividends in 2024.
<div class="chart_embed">
<h3>Air Products and Chemicals, Inc. Price and Consensus</h3>
<img alt="Air Products and Chemicals, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/42/1724758660.png" style="height:265px; width:590px" title="" />
Air Products and Chemicals, Inc. price-consensus-chart | Air Products and Chemicals, Inc. Quote
</div>
<h2>Stocks to Consider</h2>
Better-ranked stocks in the Basic Materials space are Newmont Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>), Element Solutions Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy).
The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75.2% from year-ago levels. The Zacks Consensus Estimate for NEM&#39;s earnings has increased 16% in the past 60 days. The stock has rallied around 34% in the past year.
The consensus estimate for Element Solutions&#39; current-year earnings has increased by 0.7% in the past 60 days. ESI beat the consensus estimate in three of the last four quarters while delivering in-line results on the other occasion. In this timeframe, it delivered an earnings surprise of around 3.8%, on average.
The Zacks Consensus Estimate for Eldorado Gold&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have rallied roughly 93% in the past year.
<a href="https://www.zacks.com/stock/news/2327681/air-products-up-20-in-6-months-what-s-driving-the-stock?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2327681">To read this article on Zacks.com click here.</a>

Air Products Up 20% in 6 Months: What's Driving the Stock?

Shares of DuPont de Nemours, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dd#NYSE">DD</a>) have gained 16.5% over the past six months. The company has also outperformed its industry&#39;s rise of 4.5% over the same time frame. DD has also topped the S&amp;P 500&#39;s roughly 9.5% increase over the same period.
Let&#39;s take a look into the factors that are driving this Zacks Rank #3 (Hold) stock.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9e/75314.jpg?v=1935823926" />
Image Source: Zacks Investment Research
<h2>Productivity, Innovation &amp; Acquisitions Aid DD</h2>
DuPont is benefiting from its innovation-driven investment, productivity actions and acquisitions. The company remains focused on driving growth through innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. DD remains committed to driving returns from its R&amp;D investment.
DuPont, in August 2023, completed the buyout of leading manufacturer of specialty medical devices and components, Spectrum Plastics Group from AEA Investors for $1.75 billion. The acquisition strengthens DuPont&#39;s existing position in stable and fast-growing healthcare end markets. It is also in sync with its focus on high-growth, customer-driven innovation for the healthcare market.
The buyout of Donatelle Plastics also enhances DD&#39;s exposure in healthcare, expanding its expertise in the medical device market segments. The acquisition introduces complementary advanced technologies and capabilities, such as medical device injection molding, liquid silicone rubber processing, precision machining, device assembly and tool building.
Moreover, DuPont is benefiting from cost synergy savings and productivity improvement actions. The benefits of its structural cost actions are expected to be realized in 2024. DD also continues to implement strategic price increases in the wake of cost inflation. These actions are likely to support its results. DuPont is also executing additional restructuring actions and expects annualized cost savings of $150 million from these measures with nearly $115 million anticipated in 2024.
Earnings estimates for DD have also been going up over the past 60 days, reflecting analysts&#39; optimism. The Zacks Consensus Estimate for 2024 has increased around 2.5%. The consensus estimate for 2025 has also been revised 1.7% upward over the same time frame.
<div class="chart_embed">
<h3>DuPont de Nemours, Inc. Price and Consensus</h3>
<img alt="DuPont de Nemours, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/5b/1724661811.png" style="height:265px; width:576px" title="" />
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
</div>
<h2>Stocks to Consider</h2>
Better-ranked stocks in the Basic Materials space are Newmont Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>), Element Solutions Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/esi#NYSE">ESI</a>) and Agnico Eagle Mines Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aem#NYSE">AEM</a>). Newmont and Element Solutions sport a Zacks Rank #1 (Strong Buy), and Agnico Eagle carries a Zacks Rank #2 (Buy).
The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75.2% from year-ago levels. The Zacks Consensus Estimate for NEM&#39;s earnings has increased 16% in the past 60 days. The stock has rallied around 33% in the past year.
The consensus estimate for Element Solutions&#39; current-year earnings has increased by 0.7% in the past 60 days. ESI beat the consensus estimate in three of the last four quarters while delivering in-line results on the other occasion. In this timeframe, it delivered an earnings surprise of around 3.8%, on average.
The Zacks Consensus Estimate for Agnico Eagle&#39;s current-year earnings is pegged at $3.65, indicating a year-over-year rise of 63.7%. AEM&#39;s earnings beat the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 15.7%. The company&#39;s shares have rallied roughly 71% in the past year.
<a href="https://www.zacks.com/stock/news/2326935/dupont-dd-shares-up-17-in-6-months-what-s-driving-the-stock?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2326935">To read this article on Zacks.com click here.</a>

DuPont Shares Up 17% in 6 Months: What's Driving the Stock?

Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) has outperformed the market over the past 5 years by 9.67% on an annualized basis producing an average annual return of 22.66%. Currently, Element Solutions has a market capitalization of $6.08 billion. 
Buying $100 In ESI: If an investor had bought $100 of ESI stock 5 years ago, it would be worth $280.77 today based on a price of $25.10 for ESI at the time of writing.
<h3>Element Solutions's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723563038_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $300 Today

The Q2 earnings report for Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) was released on Monday, July 29, 2024 at 04:15 PM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
Element Solutions beat estimated earnings by 3.0%, reporting an EPS of $0.36 versus an estimate of $0.35.
Revenue was up $26.60 million from the same period last year.
<h3>Overview of Past Earnings</h3>
In the previous quarter, the company beat on EPS by $0.02, resulting in a 4.0% drop change in the share price the following day.
Here's a look at Element Solutions's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.35</td>
<td>0.32</td>
<td>0.33</td>
<td>0.33</td>
<td>0.31</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.36</td>
<td>0.34</td>
<td>0.32</td>
<td>0.36</td>
<td>0.31</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>606.98M</td>
<td>587.51M</td>
<td>590.63M</td>
<td>606.74M</td>
<td>607.99M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>612.70M</td>
<td>575.00M</td>
<td>573.40M</td>
<td>599.30M</td>
<td>586.10M</td>
</tr>
</tbody>
</table>

<h3>Peer Performance in Recent Earnings</h3>
With Element Solutions's earnings data in hand, it's essential to compare its metrics to those of similar companies, including Quaker Houghton, Innospec, and Minerals Technologies.
<ul>
<li>Quaker Houghton, earnings revealed on May 02, 2024, exhibited robust performance this quarter. Contrary to the market's projected EPS of $1.99, Quaker Houghton exceeded expectations with an EPS of $2.09, reflecting an increase of 5.03% compared to estimates. This outcome is likely to gain investor confidence</li>
<li>The latest earnings announcement from Innospec on May 09, 2024 exceeded expectations, with an actual EPS of $1.75 compared to the market's estimate of $1.64, resulting in a 6.71% increase.</li>
<li>Minerals Technologies's earnings on July 25, 2024 exceeded market projections, revealing an EPS of $1.65 compared to the estimated EPS of $1.6, resulting in a 3.12% increase.</li>
</ul>
<h3>In-depth Analysis: Competitors' Quarterly Earnings and Stock Performance</h3>
This analysis provides insights into the market's response to the latest earnings releases of key competitors. It highlights the expected and announced earnings per share (EPS) for each company, along with the corresponding stock prices at the close of the announcement day and the open of the following trading day.

<table>
<thead>
<tr>
<th>Company Name</th>
<th>Date</th>
<th style="text-align: right;">EPS Expected</th>
<th style="text-align: right;">EPS Announced</th>
<th>EPS Change Percent</th>
<th>Stock Price At Close</th>
<th>Stock Price at Next Day Open</th>
<th>Price Change Percent</th>
</tr>
</thead>
<tbody>
<tr>
<td>Element Solutions</td>
<td>July 29, 2024</td>
<td style="text-align: right;">0.35</td>
<td style="text-align: right;">0.36</td>
<td>2.86%</td>
<td>$26.92</td>
<td>$26.11</td>
<td>-3.01%</td>
</tr>
<tr>
<td>Quaker Houghton</td>
<td>May 02, 2024</td>
<td style="text-align: right;">1.99</td>
<td style="text-align: right;">2.09</td>
<td>5.03%</td>
<td>$192.7</td>
<td>$194.54</td>
<td>0.95%</td>
</tr>
<tr>
<td>Innospec</td>
<td>May 09, 2024</td>
<td style="text-align: right;">1.64</td>
<td style="text-align: right;">1.75</td>
<td>6.71%</td>
<td>$126.3</td>
<td>$130.3</td>
<td>3.17%</td>
</tr>
<tr>
<td>Minerals Technologies</td>
<td>July 25, 2024</td>
<td style="text-align: right;">1.60</td>
<td style="text-align: right;">1.65</td>
<td>3.12%</td>
<td>$88.25</td>
<td>$87.18</td>
<td>-1.21%</td>
</tr>
</tbody>
</table>

<h3>Comparative Assessment: Estimated in Comparison with Actual Peer Revenues</h3>
Below is a comparison of estimated and announced revenue figures for Element Solutions's peers. This comparison gives insights into the revenue performance of these companies, providing valuable context for understanding their financial standing within the industry.

<table>
<thead>
<tr>
<th>Company Name</th>
<th>Estimated Revenue</th>
<th>Announced Revenue</th>
<th>Revenue Surprise Percentage</th>
</tr>
</thead>
<tbody>
<tr>
<td>Element Solutions</td>
<td>606.98M</td>
<td>612.70M</td>
<td>0.94%</td>
</tr>
<tr>
<td>Quaker Houghton</td>
<td>494.52M</td>
<td>469.76M</td>
<td>-5.01%</td>
</tr>
<tr>
<td>Innospec</td>
<td>503.63M</td>
<td>500.20M</td>
<td>-0.68%</td>
</tr>
<tr>
<td>Minerals Technologies</td>
<td>556.35M</td>
<td>541.20M</td>
<td>-2.72%</td>
</tr>
</tbody>
</table>

To track all earnings releases for Element Solutions <a href="https://www.benzinga.com/quote/ESI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Element Solutions Earnings Analysis: Q2 Recap

Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.35 by 2.86 percent. This is a 16.13 percent increase over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $612.70 million which beat the analyst consensus estimate of $606.98 million by 0.94 percent. This is a 4.54 percent increase over sales of $586.10 million the same period last year.

Element Solutions Q2 Adj $0.36 Beats $0.35 Estimate, Sales $612.70M Beat $606.98M Estimate

Guidance

Element Solutions Increased Its FY24 Adjusted EBITDA Expectation To An Updated Range Of $530M-$545M; Expects FY24 Free Cash Flow To Be In The Range Of $280M-$300M

Element Solutions Q2 Adj EPS $0.36; Total Revenue $613M

Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) has outperformed the market over the past 5 years by 9.23% on an annualized basis producing an average annual return of 22.53%. Currently, Element Solutions has a market capitalization of $6.78 billion. 
Buying $1000 In ESI: If an investor had bought $1000 of ESI stock 5 years ago, it would be worth $2,895.39 today based on a price of $28.00 for ESI at the time of writing.
<h3>Element Solutions's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722270751_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,900 Today

Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) has outperformed the market over the past 5 years by 9.94% on an annualized basis producing an average annual return of 23.55%. Currently, Element Solutions has a market capitalization of $6.69 billion. 
Buying $100 In ESI: If an investor had bought $100 of ESI stock 5 years ago, it would be worth $287.64 today based on a price of $27.65 for ESI at the time of writing.
<h3>Element Solutions's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721156567_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Element Solutions Stock In The Last 5 Years

Goldman Sachs analyst Duffy Fischer maintains Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) with a Neutral and raises the price target from $26 to $29.

Price Target

Goldman Sachs Maintains Neutral on Element Solutions, Raises Price Target to $29

4 analysts have shared their evaluations of Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $30.0, a high estimate of $33.00, and a low estimate of $28.00. This current average has increased by 7.14% from the previous average price target of $28.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1719259227_0_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The perception of Element Solutions by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$33.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Bhavesh Lodaya</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$30.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>John Roberts</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$29.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>John Roberts</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$28.00</td>
<td>$26.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Element Solutions. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Element Solutions compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Element Solutions's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Element Solutions's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ESI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Element Solutions analyst ratings.</a>
<h2>Delving into Element Solutions's Background</h2>
Element Solutions Inc is a specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. The company has two segments which are Electronics and Industrial &amp; Specialty. The Industrial &amp; Specialty segment which generates majority of the revenue, includes chemical systems that protect and decorate metal and plastic surfaces; consumable chemicals that enable printing image transfer on flexible packaging materials; and chemistries used in water-based hydraulic control fluids in offshore energy production. Electronics segment researches, formulates and sells specialty chemicals and process technologies for all types of electronics hardware, from complex printed circuit board designs to semiconductor packaging.
<h3>Element Solutions's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Element Solutions's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 0.1%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Element Solutions's net margin excels beyond industry benchmarks, reaching 9.74%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.41%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Element Solutions's ROA stands out, surpassing industry averages. With an impressive ROA of 1.13%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Element Solutions's debt-to-equity ratio is below the industry average. With a ratio of 0.83, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 4 Analyst Ratings For Element Solutions

UBS analyst Joshua Spector maintains Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) with a Buy and raises the price target from $30 to $33.

UBS Maintains Buy on Element Solutions, Raises Price Target to $33

These mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Avidity Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNA#NASDAQ">RNA</a>) shares jumped 50.15% following the announcement that the Phase 1/2 trial data for muscle disorder therapy <a href="https://www.benzinga.com//node/39294405" target="_blank" rel="noreferrer noopener">yielded positive results</a>.</li>
<li>Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) shares surged 24.31% after Cantor Fitzgerald assumed an Overweight rating on the stock and <a href="https://www.benzinga.com//node/39277415" target="_blank" rel="noreferrer noopener">announced a $23 price target</a>.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) <a href="https://www.benzinga.com//node/39317941" target="_blank" rel="noreferrer noopener">shares rose 15.29%</a>.</li>
<li>John Wiley &amp; Sons, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) shares rose 14.07%  after the company reported Q4 <a href="https://www.benzinga.com//node/39321000" target="_blank" rel="noreferrer noopener">adjusted EPS and sales that beat estimates</a>.</li>
<li>Element Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) shares grew 13.46%  after the company raised Q2 and FY24 guidance. Mizuho and BMO Capital also raised <a href="https://www.benzinga.com/quote/ESI/analyst-ratings" target="_blank" rel="noreferrer noopener">their price forecasts for the stock</a>.</li>
<li>CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) shares gained 13.31% amid strength in Bitcoin following <a href="https://www.benzinga.com//node/39289772" target="_blank" rel="noreferrer noopener">softer-than-expected May CPI figures</a>.</li>
<li>Enovix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) stock price escalated 12.97% as shares of several industrial companies gained amid overall market strength following positive inflation data.</li>
<li>Axcelis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) shares advanced 12.70% last week. Semiconductor stocks gained on softer-than-expected CPI figures, which lifted stocks on Wednesday, while AI optimism also continues to boost the sector.</li>
<li>Intellia Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTLA#NASDAQ">NTLA</a>) stock price upped 12.08%.</li>
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Also Read: <a href="https://www.benzinga.com/news/24/06/39348319/celsius-and-paypal-were-among-the-10-biggest-large-cap-losers-last-week-june-9-june-15-are-these-in">Celsius And PayPal Were Among The 10 Biggest Large Cap Losers Last Week (June 9-June 15): Are These In Your Portfolio?</a>
Image: 15958319 from Pixabay

Movers

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Avidity Biosciences And CleanSpark Were Among The 10 Biggest Mid-Cap Stock Gainers Last Week (June 9-June 15): Are These In Your Portfolio?

As of June 14, 2024, two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Element Solutions Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>)</h3>
<ul>
<li>On June 11, Element Solutions increased its second-quarter and FY24 guidance. President and CEO Benjamin Gliklich said, &#8220;The strength in our electronics business and improvement in our overall profitability have continued and, in certain areas, accelerated in the second quarter. Our wafer level packaging and circuitry businesses, in particular, have ramped to support strong customer growth these past two months. While electronic markets are recovering in certain pockets, overall unit and chemistry volumes remain below long-term trend levels. Nonetheless, and despite what is a generally weaker industrial environment, we expect in 2024 to generate record adjusted EBITDA since the founding of Element Solutions in 2019.&#8221; The company's stock gained around 14% over the past five days and has a <a href="https://www.benzinga.com/quote/ESI">52-week high of $27.08</a>.</li>
<li>RSI Value: 72.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>ESI Price Action: Shares of Element Solutions fell 0.7% to close at $26.75 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Air Products and Chemicals Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>)</h3>
<ul>
<li>On June 7, Air Products and Chemicals inked a 15-year agreement with TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) to supply 70,000 tons of green hydrogen annually in Europe, starting in 2030. Air Products' Chairman, President and CEO Seifi Ghasemi commented, "We always believed that if we made clean hydrogen available at commercial scale, the demand would be there. This contract validates our long-term strategy. Clearly the demand is here, and it will grow significantly as we move forward, playing an essential role in decarbonizing heavy industry and other sectors." The company's stock gained around 15% over the past month and <a href="https://www.benzinga.com/quote/APD">has a 52-week high</a> of $307.71.</li>
<li>RSI Value: 79.70</li>
<li>APD Price Action: Shares of Air Products and Chemicals rose 0.8% to close at $285.31 on Thursday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39311148/over-105m-bet-on-this-oil-giant-check-out-these-3-stocks-insiders-are-buying">Over $105M Bet On This Oil Giant? Check Out These 3 Stocks Insiders Are Buying</a>

Pre-Market Outlook

Top 2 Materials Stocks That May Collapse This Quarter

Element Solutions Inc (ESI) Q2 2024 Earnings Call Transcript

There's a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Element Solutions (ESI – Research Report) and South32...

Analysts Offer Insights on Materials Companies: Element Solutions (ESI) and South32 Ltd. (GB:S32)

In a report released today, Steve Byrne from Bank of America Securities maintained a Buy rating on Element Solutions (ESI – Research Report), with ...

Bank of America Securities Sticks to Their Buy Rating for Element Solutions (ESI)

Analyst Bhavesh Lodaya from BMO Capital maintained a Buy rating on Element Solutions (ESI – Research Report) and keeping the price target at $30.00...

Buy Rating for Element Solutions Inc. on Strong Earnings Growth and Expanding Margins

Invesco Small Cap Growth Fund Q2 2024 Review

Element Solutions Inc declares $0.08 dividend

Element Solutions to sell Macdermid Graphics Solutions

With the ongoing energy transition, the demand for specialty chemicals is increasing due to government initiatives, technological advancements, and rebounds in key industries. Therefore, growth investors could consider investing in specialty chemicals stocks such as Element Solutions (ESI), Avient (AVNT), and Axalta Coating Systems (AXTA), for solid gains this year. Read more... The specialty chemicals market is poised for strong growth as demand rebounds in key industries like automotive, aerospace, and electronics. Against this promising backdrop, investing in high-growth specialty chemicals stocks like Element Solutions Inc (<a href="https://stocknews.com/stock/ESI/">ESI</a>), Avient Corporation (<a href="https://stocknews.com/stock/AVNT/">AVNT</a>), and Axalta Coating Systems Ltd. (<a href="https://stocknews.com/stock/AXTA/">AXTA</a>) could yield substantial gains.
The long-term outlook for specialty chemicals is positive, driven by a resurgence in U.S. manufacturing and favorable energy conditions. With rising demand for agro and construction chemicals, the specialty chemicals market is expected to grow at a 6.8% CAGR until 2028, reaching <a href="https://www.technavio.com/report/specialty-chemicals-market-industry-analysis">$368.20 billion</a>. This growth highlights the vital role of specialty chemicals, making them a promising investment opportunity.
Meanwhile, technological innovations are transforming specialty chemical manufacturing, leading to advanced materials and cost-effective formulations. Also, government initiatives and a shift toward sustainability are driving growth in chemicals that support the energy transition. Hence, the global chemical market is projected to reach $5.57 trillion this year, growing at a <a href="https://www.researchandmarkets.com/reports/5781388/chemicals-global-market-report?srsltid=AfmBOoqqsoeN-j06Ol_4FLsjB6ot8GDxml6uthsxjX1f4Parc6LM8FJD">9% CAGR</a>.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/chemicals/">Chemicals</a> picks, beginning with the third choice.
Stock #3: Element Solutions Inc (<a href="https://stocknews.com/stock/ESI/">ESI</a>)
ESI operates as a specialty chemicals company in the United States, China, and internationally. The company functions in two segments: Electronics, and Industrial &amp; Specialty.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a>, ESI's 41.28% is 44.1% higher than the 28.64% industry average. Likewise, its 10.29% trailing-12-month levered FCF margin is 96.5% higher than the 5.23% industry average. Also, its 3.90% trailing-12-month Return on Total Assets is 73.7% higher than the 2.25% industry average.
ESI's total assets grew at a CAGR of 2.4% over the past three years. Its revenue grew at a CAGR of 4.6% over the past five years. Moreover, its levered FCF grew at a CAGR of 6.3% over the past three years.
ESI's net sales for the second quarter ended June 30, 2024, were $612.70 million, indicating a 4.5% year-over-year increase. Likewise, its adjusted EBITDA increased 16.4% year-over-year to $135.10 million. The company's adjusted net income and adjusted EPS rose 17.2% and 16.1% over the prior-year quarter to $88.70 million and $0.36, respectively.
Analysts expect ESI's revenue for the quarter ending September 30, 2024, to increase 5% year-over-year to $629.07 million. Its EPS for the same quarter is expected to grow 7.6% year-over-year to $0.39. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past year, ESI's stock has gained 23% to close the last trading session at $25.68.
ESI's promising outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Growth and Sentiment. Within the B-rated <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry, it is ranked #31 out of 81 stocks. To see ESI's ratings for Value, Momentum, Stability, and Quality, <a href="https://stocknews.com/stock/ESI/">click here</a>.
Stock #2: Avient Corporation (<a href="https://stocknews.com/stock/AVNT/">AVNT</a>)
AVNT operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It functions in two segments: Color, Additives and Inks, and Specialty Engineered Materials.
In terms of the trailing-12-month levered FCF margin, AVNT's 9.77% is 86.6% higher than the 5.23% industry average. Similarly, its 17.28% trailing-12-month EBITDA margin is 4% higher than the industry average of 16.62%. Its 11.59% trailing-12-month EBIT margin is 7% higher than the industry average of 10.83%.
AVNT's EBITDA grew at a CAGR of 3.4% over the past three years. Similarly, its total assets grew at a CAGR of 5.4% during the same period. Also, its EBIT grew at a CAGR of 1.2% over the past three years.
During the second quarter, which ended on June 30, 2024, AVNT's sales grew 3.1% from the year-ago value to $849.70 million. The company's operating income rose 18.5% year-over-year to $99.70 million. Moreover, its adjusted net income and adjusted EPS were $70.20 million and $0.76, respectively, up 21.2% and 20.6% from the year-ago value.
Street expects AVNT's EPS and revenue for the quarter ending September 30, 2024, to increase 9.5% and 5.2% year-over-year to $0.62 and $793.15 million. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past nine months, AVNT's stock has gained 33.3% to close the last trading session at $47.32.
AVNT's POWR Ratings reflect its bright outlook. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B grade for Growth and Sentiment. It is ranked #15 in the same industry. To see AVNT's Value, Momentum, Stability, and Quality ratings, <a href="https://stocknews.com/stock/AVNT/">click here</a>.
Stock #1: Axalta Coating Systems Ltd. (<a href="https://stocknews.com/stock/AXTA/">AXTA</a>)
AXTA and its subsidiaries manufacture, market, and distribute high-performance coating systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments: Performance Coatings and Mobility Coatings.
On September 3, 2024, AXTA introduced the Axalta Irus Scan, a next-generation spectrophotometer designed to enhance color-matching accuracy and efficiency for refinish customers. The device features advanced color measurement and gloss capabilities, improving productivity, reducing waste, and optimizing labor in automotive refinishing.
On July 2, 2024, AXTA Coating Systems completed the acquisition of The CoverFlexx Group from Transtar Holding Company. This acquisition enhances AXTA's offerings in automotive refinish coatings and supports its growth strategy in the Refinish business.
In terms of the trailing-12-month Return on Common Equity, AXTA's 17.46% is 208.6% higher than the 5.66% industry average. Its 10.22% trailing-12-month levered FCF margin is 95.3% higher than the 5.23% industry average. In addition, its 8.50% trailing-12-month Return on Total Capital is 72% higher than the 4.94% industry average.
AXTA's revenue grew at a CAGR of 7% over the past three years. Its EPS grew at a CAGR of 2.7% over the past three years. Moreover, its EBIT grew at a CAGR of 3.6% over the past three years.
In the fiscal second quarter ended June 30, 2024, AXTA reported net sales of $1.25 billion, up 4.4% year-over-year. The company's adjusted net income stood at $127 million, or $0.57 per share, indicating increases of 64.9% and 62.9% from the year-ago values. Furthermore, its adjusted EBIT rose 43.9% year-over-year to $223 million.
For the quarter ending September 30, 2024, its EPS and revenue are expected to increase 14.4% and 2.1% year-over-year to $0.51 and $1.34 billion, respectively. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 26.3% to close the last trading session at $35.74.
AXTA's POWR Ratings reflect solid fundamentals. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It is ranked #11 in the Chemicals industry. It has a B grade for Growth and Quality. <a href="https://stocknews.com/stock/AXTA/">Click here</a> to access additional ratings for AXTA's Value, Momentum, Stability, and Sentiment ratings.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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AXTA shares were trading at $35.21 per share on Wednesday afternoon, down $0.53 (-1.48%). Year-to-date, AXTA has gained 3.65%, versus a 16.52% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/axta-esi-avnt-3-specialty-chemicals-stocks-with-high-growth-potential/>3 Specialty Chemicals Stocks With High Growth Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Specialty Chemicals Stocks With High Growth Potential

Element Solutions: An Improving Story

Bhavesh Lodaya, an analyst from BMO Capital, reiterated the Buy rating on Element Solutions (ESI – Research Report). The associated price target re...

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