Brokerages forecast that Venator Materials PLC (NYSE:VNTR) will report earnings of ($0.12) per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Venator Materials’ earnings. The lowest EPS estimate is ($0.18) and the highest is ($0.06). Venator Materials reported earnings of $0.08 per share in the same quarter last year, which indicates a negative year over year growth rate of 250%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, November 5th.
On average, analysts expect that Venator Materials will report full-year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.10). For the next year, analysts forecast that the business will report earnings of $0.12 per share, with EPS estimates ranging from $0.05 to $0.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Venator Materials.
Venator Materials (NYSE:VNTR) last announced its earnings results on Tuesday, August 4th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. Venator Materials had a positive return on equity of 0.99% and a negative net margin of 10.36%. The firm had revenue of $456.00 million for the quarter, compared to analysts’ expectations of $448.53 million.
Several equities analysts recently issued reports on VNTR shares. UBS Group boosted their target price on shares of Venator Materials from $1.85 to $2.00 and gave the company a “neutral” rating in a report on Tuesday, October 6th. Zacks Investment Research lowered shares of Venator Materials from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Citigroup lifted their target price on shares of Venator Materials from $1.40 to $1.80 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. ValuEngine raised shares of Venator Materials from a “hold” rating to a “buy” rating in a report on Thursday, July 2nd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $2.35 price objective on shares of Venator Materials in a research note on Thursday, September 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $2.46.
Several hedge funds have recently made changes to their positions in VNTR. Beech Hill Advisors Inc. acquired a new position in Venator Materials during the 3rd quarter worth $58,000. Valeo Financial Advisors LLC acquired a new stake in shares of Venator Materials in the second quarter valued at about $72,000. UBS Group AG grew its stake in Venator Materials by 9,195.6% in the 2nd quarter. UBS Group AG now owns 44,526 shares of the company’s stock valued at $80,000 after buying an additional 44,047 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its stake in shares of Venator Materials by 238.8% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 80,806 shares of the company’s stock valued at $145,000 after purchasing an additional 56,955 shares during the last quarter. Finally, Creative Planning boosted its stake in Venator Materials by 195.4% during the 2nd quarter. Creative Planning now owns 90,700 shares of the company’s stock valued at $162,000 after purchasing an additional 60,000 shares during the last quarter. Institutional investors own 35.65% of the company’s stock.
Shares of NYSE:VNTR traded down $0.02 during midday trading on Monday, hitting $2.05. The company’s stock had a trading volume of 523 shares, compared to its average volume of 355,187. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.58 and a current ratio of 2.90. The stock has a market capitalization of $218.45 million, a price-to-earnings ratio of -1.07 and a beta of 1.79. Venator Materials has a fifty-two week low of $1.12 and a fifty-two week high of $4.31. The stock’s 50 day simple moving average is $2.10 and its 200 day simple moving average is $1.79.
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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