Wall Street brokerages expect Venator Materials PLC (NYSE:VNTR) to post sales of $562.41 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Venator Materials’ earnings, with the highest sales estimate coming in at $608.00 million and the lowest estimate coming in at $516.81 million. Venator Materials reported sales of $626.00 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.2%. The business is scheduled to issue its next quarterly earnings report on Tuesday, July 30th.
According to Zacks, analysts expect that Venator Materials will report full-year sales of $2.15 billion for the current year, with estimates ranging from $1.99 billion to $2.22 billion. For the next year, analysts anticipate that the firm will post sales of $2.29 billion, with estimates ranging from $2.22 billion to $2.38 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Venator Materials.
Venator Materials (NYSE:VNTR) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $562.00 million during the quarter, compared to analyst estimates of $561.44 million. Venator Materials had a positive return on equity of 15.64% and a negative net margin of 11.07%. The business’s revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share.
VNTR has been the topic of a number of recent analyst reports. Royal Bank of Canada upgraded Venator Materials from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $7.00 to $9.00 in a report on Thursday, April 18th. Citigroup reiterated a “buy” rating and issued a $7.50 price objective on shares of Venator Materials in a report on Friday, February 22nd. Finally, Zacks Investment Research upgraded Venator Materials from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $15.41.
In other Venator Materials news, Director Kathy Dawn Patrick acquired 10,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were purchased at an average cost of $4.47 per share, for a total transaction of $46,935.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. M&T Bank Corp acquired a new position in Venator Materials during the fourth quarter worth $47,000. Ellington Management Group LLC acquired a new position in Venator Materials during the first quarter worth $124,000. Legal & General Group Plc lifted its stake in Venator Materials by 229.2% during the fourth quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock worth $146,000 after purchasing an additional 24,339 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Venator Materials by 22.8% during the fourth quarter. Bank of New York Mellon Corp now owns 44,887 shares of the company’s stock worth $188,000 after purchasing an additional 8,322 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Venator Materials by 18.5% during the fourth quarter. LPL Financial LLC now owns 48,379 shares of the company’s stock worth $203,000 after purchasing an additional 7,568 shares in the last quarter. Hedge funds and other institutional investors own 44.08% of the company’s stock.
VNTR stock opened at $4.90 on Thursday. The company has a quick ratio of 1.15, a current ratio of 2.18 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $528.81 million, a PE ratio of 2.23, a P/E/G ratio of 0.75 and a beta of 2.13. Venator Materials has a 1 year low of $3.59 and a 1 year high of $18.26.
Venator Materials Company Profile
Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.
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