Livent (NASDAQ:LTHM) Releases FY 2019 Earnings Guidance

Livent (NASDAQ:LTHM) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.56-0.66 for the period, compared to the Thomson Reuters consensus estimate of $0.59. The company issued revenue guidance of $435-475 million, compared to the consensus revenue estimate of $450.93 million.Livent also updated its FY19 guidance to $0.56-0.66 EPS.

Shares of NASDAQ:LTHM traded up $0.01 on Friday, hitting $7.58. The company had a trading volume of 2,916,689 shares, compared to its average volume of 2,686,626. The stock’s 50 day moving average is $6.81. Livent has a 1-year low of $5.49 and a 1-year high of $19.90.

Livent (NASDAQ:LTHM) last announced its earnings results on Tuesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.12. The business had revenue of $114.00 million during the quarter, compared to the consensus estimate of $108.85 million. Livent’s revenue was up 5.7% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on LTHM shares. Argus cut shares of Livent from a buy rating to a hold rating and set a $7.58 target price for the company. in a research report on Thursday, May 16th. Bank of America cut shares of Livent from a buy rating to a neutral rating and reduced their target price for the company from $16.00 to $10.00 in a research report on Friday, May 10th. Credit Suisse Group reissued an outperform rating and issued a $12.00 target price (down previously from $18.00) on shares of Livent in a research report on Thursday, May 9th. Vertical Research cut shares of Livent from a buy rating to a hold rating in a research report on Thursday, May 9th. Finally, Loop Capital reduced their target price on shares of Livent to $12.00 and set a buy rating for the company in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $15.33.

About Livent

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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Earnings History and Estimates for Livent (NASDAQ:LTHM)

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