Livent (NYSE:LTHM) Releases Q4 Earnings Guidance

Livent (NYSE:LTHM) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.04-0.06 for the period, compared to the Thomson Reuters consensus estimate of $0.09. The company issued revenue guidance of 75-80, compared to the consensus revenue estimate of $93.18 million.Livent also updated its FY 2019
After-Hours guidance to 0.40-0.42 EPS.

Several research analysts have commented on the company. TheStreet raised Livent from a d+ rating to a c- rating in a research report on Tuesday, December 10th. Seaport Global Securities reaffirmed a buy rating on shares of Livent in a research report on Tuesday, November 5th. ValuEngine upgraded Livent from a hold rating to a buy rating in a research report on Friday, January 3rd. Zacks Investment Research cut Livent from a hold rating to a sell rating in a research report on Wednesday, January 8th. Finally, Citigroup lowered their price objective on Livent from $8.25 to $7.50 and set a neutral rating on the stock in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $12.01.

LTHM stock opened at $8.87 on Thursday. The business has a fifty day moving average of $8.31 and a 200-day moving average of $7.27. The company has a market cap of $1.23 billion, a P/E ratio of 9.75, a PEG ratio of 4.37 and a beta of 2.32. The company has a quick ratio of 1.99, a current ratio of 2.82 and a debt-to-equity ratio of 0.20. Livent has a twelve month low of $5.49 and a twelve month high of $14.16.

Livent (NYSE:LTHM) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Livent had a net margin of 17.75% and a return on equity of 16.97%. The company had revenue of $97.70 million during the quarter, compared to the consensus estimate of $112.75 million. During the same quarter in the prior year, the company posted $0.20 EPS. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Livent will post 0.4 earnings per share for the current fiscal year.

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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