Venator Materials PLC (VNTR) Expected to Post Quarterly Sales of $522.04 Million

Equities research analysts predict that Venator Materials PLC (NYSE:VNTR) will post sales of $522.04 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Venator Materials’ earnings. The highest sales estimate is $530.00 million and the lowest is $509.17 million. The company is expected to announce its next earnings results before the market opens on Friday, February 23rd.

According to Zacks, analysts expect that Venator Materials will report full-year sales of $522.04 million for the current year, with estimates ranging from $2.19 billion to $2.27 billion. For the next financial year, analysts forecast that the business will post sales of $2.63 billion per share, with estimates ranging from $2.52 billion to $2.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Venator Materials.

VNTR has been the subject of several analyst reports. Zacks Investment Research raised Venator Materials from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Thursday, October 26th. Bank of America upped their price objective on Venator Materials from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Instinet reaffirmed a “buy” rating and set a $26.00 price objective (up from $24.00) on shares of Venator Materials in a research report on Friday, October 13th. Goldman Sachs Group cut Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Wednesday, December 6th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $28.00 price objective on shares of Venator Materials in a research report on Wednesday, October 18th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $27.31.

Venator Materials (VNTR) opened at $21.03 on Friday. The stock has a market capitalization of $2,240.00 and a PE ratio of 38.24. Venator Materials has a 1 year low of $17.85 and a 1 year high of $26.90. The company has a current ratio of 2.03, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74.

In related news, major shareholder Corp Huntsman sold 21,764,800 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. acquired a new stake in shares of Venator Materials in the 3rd quarter valued at about $103,000. Wells Fargo & Company MN boosted its position in shares of Venator Materials by 81,257.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,695 shares of the company’s stock valued at $126,000 after purchasing an additional 5,688 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Venator Materials in the 4th quarter valued at about $248,000. Jane Street Group LLC acquired a new stake in shares of Venator Materials in the 3rd quarter valued at about $255,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Venator Materials in the 3rd quarter valued at about $297,000. 24.08% of the stock is owned by hedge funds and other institutional investors.

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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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