Wall Street analysts forecast that Livent Corporation (NYSE:LTHM) will report $62.70 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Livent’s earnings, with the lowest sales estimate coming in at $43.00 million and the highest estimate coming in at $73.00 million. Livent reported sales of $97.70 million in the same quarter last year, which indicates a negative year-over-year growth rate of 35.8%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 3rd.
On average, analysts expect that Livent will report full-year sales of $270.00 million for the current year, with estimates ranging from $234.00 million to $297.40 million. For the next year, analysts expect that the firm will report sales of $363.00 million, with estimates ranging from $338.00 million to $397.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Livent.
Livent (NYSE:LTHM) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.03). Livent had a net margin of 5.07% and a return on equity of 5.08%. The business had revenue of $64.90 million for the quarter, compared to analysts’ expectations of $76.23 million. During the same period last year, the company earned $0.12 earnings per share. Livent’s revenue for the quarter was down 43.1% compared to the same quarter last year.
A number of brokerages have commented on LTHM. Credit Suisse Group reiterated a “hold” rating and set a $5.00 price target on shares of Livent in a research report on Tuesday, August 4th. Citigroup raised their price objective on Livent from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Monday, August 10th. Zacks Investment Research raised Livent from a “sell” rating to a “hold” rating in a research report on Wednesday, June 24th. Raymond James started coverage on Livent in a report on Tuesday, August 25th. They issued a “strong-buy” rating and a $9.00 price objective for the company. Finally, Loop Capital reduced their price objective on Livent from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $6.83.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. purchased a new position in Livent in the 1st quarter worth approximately $108,000. Magnus Financial Group LLC lifted its holdings in Livent by 42.1% in the 1st quarter. Magnus Financial Group LLC now owns 22,648 shares of the company’s stock worth $119,000 after purchasing an additional 6,709 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in Livent by 11.9% in the 2nd quarter. Perigon Wealth Management LLC now owns 27,103 shares of the company’s stock worth $167,000 after purchasing an additional 2,890 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Livent by 19.7% in the 1st quarter. Franklin Resources Inc. now owns 5,453,587 shares of the company’s stock worth $28,631,000 after purchasing an additional 895,843 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new position in Livent in the 1st quarter worth approximately $1,888,000.
LTHM stock opened at $9.36 on Wednesday. The company has a current ratio of 3.48, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $7.73 and its 200 day moving average is $6.78. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 85.10, a price-to-earnings-growth ratio of 22.06 and a beta of 2.23. Livent has a 1-year low of $3.95 and a 1-year high of $12.29.
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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