Analysts Offer Predictions for Venator Materials PLC’s Q3 2019 Earnings (NYSE:VNTR)

Venator Materials PLC (NYSE:VNTR) – Equities researchers at Jefferies Financial Group lifted their Q3 2019 earnings per share estimates for shares of Venator Materials in a research report issued to clients and investors on Tuesday, June 25th, according to Zacks Investment Research. Jefferies Financial Group analyst L. Alexander now anticipates that the company will post earnings of $0.13 per share for the quarter, up from their prior estimate of $0.10. Jefferies Financial Group also issued estimates for Venator Materials’ FY2020 earnings at $0.75 EPS, FY2021 earnings at $0.95 EPS and FY2022 earnings at $1.20 EPS.

Several other brokerages also recently issued reports on VNTR. Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Friday, July 12th. Royal Bank of Canada reissued a “neutral” rating and set a $145.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. Finally, Morgan Stanley reiterated 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 given a buy rating to the company’s stock. Venator Materials presently has a consensus rating of “Hold” and an average price target of $14.77.

NYSE VNTR traded down $0.01 during trading on Wednesday, hitting $4.04. The company’s stock had a trading volume of 555,559 shares, compared to its average volume of 777,689. The company has a current ratio of 2.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.89. Venator Materials has a 52 week low of $3.59 and a 52 week high of $16.39. The firm has a market cap of $430.92 million, a price-to-earnings ratio of 1.84, a P/E/G ratio of 0.70 and a beta of 2.35. The business’s 50 day moving average is $4.87.

Venator Materials (NYSE:VNTR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The company had revenue of $562.00 million for the quarter, compared to the consensus estimate 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 for the quarter was down 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS.

In other Venator Materials news, Director Kathy Dawn Patrick acquired 10,500 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were bought at an average price of $4.47 per share, for a total transaction of $46,935.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC increased its stake in Venator Materials by 3.4% in the first quarter. Clearbridge Investments LLC now owns 2,762,543 shares of the company’s stock valued at $15,525,000 after acquiring an additional 91,270 shares during the last quarter. Schneider Capital Management Corp increased its stake in Venator Materials by 83.6% in the first quarter. Schneider Capital Management Corp now owns 2,755,009 shares of the company’s stock valued at $15,483,000 after acquiring an additional 1,254,734 shares during the last quarter. Bank of America Corp DE increased its stake in Venator Materials by 3,061.8% in the fourth quarter. Bank of America Corp DE now owns 2,478,540 shares of the company’s stock valued at $10,385,000 after acquiring an additional 2,400,150 shares during the last quarter. Norges Bank bought a new position in Venator Materials in the fourth quarter valued at $5,982,000. Finally, Two Sigma Investments LP increased its stake in Venator Materials by 116.2% in the fourth quarter. Two Sigma Investments LP now owns 1,412,962 shares of the company’s stock valued at $5,920,000 after acquiring an additional 759,495 shares during the last quarter. 44.09% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Venator Materials (NYSE:VNTR)

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