Livent (LTHM) Issues Q1 2019 Earnings Guidance

Livent (NASDAQ:LTHM) updated its first quarter 2019 earnings guidance on Monday. The company provided earnings per share guidance of $0.11-0.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.24. The company issued revenue guidance of $95-105 million, compared to the consensus revenue estimate of $115.12 million.Livent also updated its FY 2019 guidance to $0.92-0.98 EPS.

Shares of LTHM traded up $0.45 during mid-day trading on Monday, hitting $13.12. The stock had a trading volume of 1,467,500 shares, compared to its average volume of 833,023. Livent has a 52 week low of $12.10 and a 52 week high of $19.90.

A number of equities analysts have recently issued reports on LTHM shares. Loop Capital set a $22.00 price objective on Livent and gave the stock a buy rating in a report on Monday, December 17th. Argus assumed coverage on Livent in a research note on Thursday, December 13th. They issued a buy rating and a $21.00 price target on the stock. Zacks Investment Research downgraded Livent from a buy rating to a hold rating in a research note on Wednesday, January 30th. Credit Suisse Group began coverage on Livent in a report on Monday, November 5th. They issued an outperform rating and a $20.00 target price on the stock. Finally, Bank of America initiated coverage on Livent in a report on Monday, November 5th. They set a buy rating and a $20.00 price target on the stock. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $19.85.

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Livent Company Profile

Livent Corporation manufactures and sells performance lithium compounds that are used primarily in energy storage, specialty polymers, and chemical synthesis application. The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and supplies butyllithium, which is used as a synthesizer in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in the production of lightweight materials for aerospace applications and non-rechargeable batteries.

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