Analysts Issue Forecasts for Venator Materials PLC’s Q4 2017 Earnings (VNTR)
Venator Materials PLC (NASDAQ:VNTR) – Equities researchers at SunTrust Banks upped their Q4 2017 earnings per share (EPS) estimates for Venator Materials PLC in a research note issued to investors on Monday. SunTrust Banks analyst J. Sheehan now anticipates that the company will post earnings of $0.60 per share for the quarter, up from their previous forecast of $0.44. SunTrust Banks has a “Buy” rating and a $29.00 price objective on the stock. SunTrust Banks also issued estimates for Venator Materials PLC’s FY2018 earnings at $2.54 EPS and FY2019 earnings at $2.94 EPS.
Several other research firms also recently weighed in on VNTR. UBS AG initiated coverage on shares of Venator Materials PLC in a report on Monday, August 28th. They issued a “neutral” rating and a $22.00 target price for the company. Royal Bank Of Canada restated a “buy” rating and set a $28.00 target price on shares of Venator Materials PLC in a research report on Wednesday, October 18th. Nomura upped their target price on shares of Venator Materials PLC from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Bank of America Corporation restated a “buy” rating and set a $23.00 target price on shares of Venator Materials PLC in a research report on Monday, August 28th. Finally, Instinet assumed coverage on shares of Venator Materials PLC in a research note on Monday, August 28th. They set a “buy” rating and a $24.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Venator Materials PLC presently has an average rating of “Buy” and a consensus price target of $26.71.
Shares of Venator Materials PLC (NASDAQ VNTR) remained flat at $25.00 during midday trading on Wednesday. The company had a trading volume of 206,738 shares. The stock has a 50 day moving average price of $23.45 and a 200 day moving average price of $21.91. Venator Materials PLC has a 1-year low of $17.85 and a 1-year high of $26.90. The stock’s market cap is $2.66 billion.
Venator Materials PLC (NASDAQ:VNTR) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.25. The business had revenue of $582.00 million for the quarter, compared to the consensus estimate of $568.31 million. Venator Materials PLC had a return on equity of 18.31% and a net margin of 6.05%. The firm’s revenue was up 9.4% compared to the same quarter last year.
An institutional investor recently bought a new position in Venator Materials PLC stock. First Trust Advisors LP purchased a new stake in Venator Materials PLC (NASDAQ:VNTR) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 82,412 shares of the company’s stock, valued at approximately $1,863,000. First Trust Advisors LP owned approximately 0.08% of Venator Materials PLC at the end of the most recent quarter.
In related news, major shareholder Corp Huntsman sold 26,105,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $18.85, for a total value of $492,079,250.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
About Venator Materials PLC
Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.
Receive News & Ratings for Venator Materials PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venator Materials PLC and related companies with MarketBeat.com's FREE daily email newsletter.