Equities research analysts expect that Venator Materials PLC (NYSE:VNTR) will announce sales of $579.53 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Venator Materials’ earnings, with the lowest sales estimate coming in at $551.05 million and the highest estimate coming in at $608.00 million. Venator Materials posted sales of $626.00 million in the same quarter last year, which suggests a negative year-over-year growth rate of 7.4%. The firm is scheduled to report its next earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that Venator Materials will report full-year sales of $2.17 billion for the current financial year, with estimates ranging from $2.10 billion to $2.22 billion. For the next fiscal year, analysts expect 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 calculations are a mean average based on a survey of sell-side research analysts that follow Venator Materials.
Venator Materials (NYSE:VNTR) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $562.00 million during the quarter, compared to analysts’ expectations of $561.44 million. Venator Materials had a positive return on equity of 15.64% and a negative net margin of 11.07%. The company’s revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS.
A number of research firms have recently weighed in on VNTR. Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Friday. Royal Bank of Canada reissued a “neutral” rating and set a $145.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, Morgan Stanley reissued an “overweight” rating on shares of in a research note on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.77.
Shares of NYSE VNTR traded up $0.11 during mid-day trading on Friday, reaching $4.35. 1,577,866 shares of the company’s stock were exchanged, compared to its average volume of 672,440. The firm has a market capitalization of $451.14 million, a price-to-earnings ratio of 1.98, a price-to-earnings-growth ratio of 0.65 and a beta of 2.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.18 and a quick ratio of 1.15. Venator Materials has a 52-week low of $3.59 and a 52-week high of $17.16. The stock’s 50-day moving average is $4.91.
In other news, Director Kathy Dawn Patrick bought 10,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were purchased at an average price of $4.47 per share, with a total value of $46,935.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of VNTR. Legal & General Group Plc raised its position in Venator Materials by 229.2% in the 4th quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock valued at $146,000 after purchasing an additional 24,339 shares in the last quarter. Bank of New York Mellon Corp raised its position in Venator Materials by 22.8% in the 4th quarter. Bank of New York Mellon Corp now owns 44,887 shares of the company’s stock valued at $188,000 after purchasing an additional 8,322 shares in the last quarter. LPL Financial LLC raised its position in Venator Materials by 18.5% in the 4th quarter. LPL Financial LLC now owns 48,379 shares of the company’s stock valued at $203,000 after purchasing an additional 7,568 shares in the last quarter. RBF Capital LLC acquired a new stake in Venator Materials in the 4th quarter valued at about $210,000. Finally, Systematic Financial Management LP acquired a new stake in Venator Materials in the 1st quarter valued at about $293,000. 44.08% of the stock is currently owned by hedge funds and other institutional investors.
About Venator Materials
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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