Wall Street analysts expect that Venator Materials PLC (NYSE:VNTR) will post sales of $470.95 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Venator Materials’ earnings, with estimates ranging from $461.30 million to $488.56 million. Venator Materials reported sales of $528.00 million in the same quarter last year, which indicates a negative year over year growth rate of 10.8%. The business is expected to report its next earnings results before the market opens on Friday, February 22nd.
On average, analysts expect that Venator Materials will report full-year sales of $2.27 billion for the current year, with estimates ranging from $2.24 billion to $2.30 billion. For the next financial year, analysts anticipate that the business will report sales of $2.23 billion, with estimates ranging from $2.11 billion to $2.38 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Venator Materials.
Venator Materials (NYSE:VNTR) last issued its earnings results on Tuesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The company had revenue of $533.00 million for the quarter, compared to analyst estimates of $577.99 million. Venator Materials had a negative net margin of 1.13% and a positive return on equity of 24.15%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS.
A number of equities research analysts have issued reports on the stock. Deutsche Bank decreased their target price on shares of Venator Materials from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Alembic Global Advisors set a $32.00 target price on shares of Venator Materials and gave the company a “buy” rating in a research note on Tuesday, October 30th. Jefferies Financial Group reissued a “buy” rating on shares of Venator Materials in a research note on Sunday, November 4th. Zacks Investment Research raised shares of Venator Materials from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, BMO Capital Markets decreased their target price on shares of Venator Materials from $13.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Venator Materials currently has an average rating of “Hold” and an average target price of $20.23.
Shares of NYSE:VNTR opened at $4.44 on Friday. The firm has a market cap of $452.20 million, a price-to-earnings ratio of 2.55, a P/E/G ratio of 0.72 and a beta of 1.45. Venator Materials has a 12-month low of $3.59 and a 12-month high of $22.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.27 and a quick ratio of 1.34.
In other Venator Materials news, Director Kathy Dawn Patrick acquired 20,000 shares of Venator Materials stock in a transaction that occurred on Wednesday, October 31st. The stock was acquired at an average price of $6.76 per share, with a total value of $135,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. lifted its stake in shares of Venator Materials by 9.1% in the 3rd quarter. Macquarie Group Ltd. now owns 3,112,862 shares of the company’s stock valued at $28,016,000 after purchasing an additional 258,882 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Venator Materials by 3.8% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,729,525 shares of the company’s stock valued at $24,566,000 after purchasing an additional 99,325 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Venator Materials by 1,048.7% in the 3rd quarter. Clearbridge Investments LLC now owns 1,776,206 shares of the company’s stock valued at $15,986,000 after purchasing an additional 1,621,579 shares during the last quarter. Systematic Financial Management LP lifted its stake in shares of Venator Materials by 0.8% in the 3rd quarter. Systematic Financial Management LP now owns 1,563,455 shares of the company’s stock valued at $14,071,000 after purchasing an additional 11,792 shares during the last quarter. Finally, FMR LLC acquired a new stake in shares of Venator Materials in the 2nd quarter valued at $21,587,000. 41.45% of the stock is owned by institutional investors and hedge funds.
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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