Livent (NASDAQ:LTHM) released its earnings results on Tuesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12, Bloomberg Earnings reports. The company had revenue of $114.00 million during the quarter, compared to analyst estimates of $108.85 million. Livent’s revenue was up 5.7% compared to the same quarter last year.
Shares of LTHM stock opened at $6.55 on Friday. Livent has a fifty-two week low of $5.49 and a fifty-two week high of $19.90. The firm’s 50 day moving average price is $6.83 and its two-hundred day moving average price is $9.61.
LTHM has been the topic of several research analyst reports. Loop Capital decreased their target price on shares of Livent to $12.00 and set a “buy” rating on the stock 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. Nomura set a $9.00 target price on shares of Livent and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Zacks Investment Research cut shares of Livent from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $12.00 price target (down from $18.00) on shares of Livent in a research report on Thursday, May 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.11.
Livent Company Profile
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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