Venator Materials PLC (VNTR) Expected to Announce Earnings of $0.68 Per Share

Wall Street analysts predict that Venator Materials PLC (NYSE:VNTR) will report $0.68 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Venator Materials’ earnings, with estimates ranging from $0.48 to $1.06. The company is expected to report its next quarterly earnings results on Friday, January 26th.

According to Zacks, analysts expect that Venator Materials will report full year earnings of $2.05 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $2.30. For the next financial year, analysts anticipate that the firm will post earnings of $2.81 per share, with EPS estimates ranging from $2.65 to $2.93. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Venator Materials.

Venator Materials (NYSE:VNTR) last issued its quarterly earnings results on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.25. The business had revenue of $582.00 million for the quarter, compared to analyst estimates of $568.31 million. Venator Materials’s revenue was up 9.4% compared to the same quarter last year.

A number of analysts have recently commented on VNTR shares. Bank of America boosted their price target on Venator Materials from $23.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Citigroup raised their price target on shares of Venator Materials from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $28.00 price target on shares of Venator Materials in a research report on Wednesday, October 18th. Instinet reaffirmed a “buy” rating and issued a $26.00 price target (up previously from $24.00) on shares of Venator Materials in a research report on Friday, October 13th. Finally, Zacks Investment Research raised shares of Venator Materials from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Venator Materials has an average rating of “Buy” and a consensus target price of $27.47.

Shares of Venator Materials (NYSE:VNTR) traded up $0.35 on Friday, reaching $23.90. The company had a trading volume of 728,636 shares, compared to its average volume of 668,601. Venator Materials has a 52-week low of $17.85 and a 52-week high of $26.90. The company has a quick ratio of 1.25, a current ratio of 2.03 and a debt-to-equity ratio of 0.74.

In other news, major shareholder Corp Huntsman sold 1,948,955 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total transaction of $42,214,365.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new position in shares of Venator Materials in the third quarter worth approximately $103,000. Jane Street Group LLC purchased a new stake in Venator Materials in the 3rd quarter worth about $255,000. Bank of New York Mellon Corp purchased a new stake in Venator Materials in the 3rd quarter worth about $297,000. Russell Investments Group Ltd. purchased a new stake in Venator Materials in the 3rd quarter worth about $505,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Venator Materials in the 3rd quarter worth about $512,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

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Venator Materials Company Profile

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.

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