Zacks: Analysts Anticipate Venator Materials (VNTR) Will Post Earnings of $0.84 Per Share

Equities analysts expect Venator Materials (NYSE:VNTR) to announce earnings of $0.84 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Venator Materials’ earnings. The highest EPS estimate is $1.02 and the lowest is $0.73. The business is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, May 1st.

On average, analysts expect that Venator Materials will report full-year earnings of $3.14 per share for the current fiscal year, with EPS estimates ranging from $2.88 to $3.55. For the next fiscal year, analysts forecast that the business will report earnings of $3.27 per share, with EPS estimates ranging from $2.73 to $4.15. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Venator Materials.

Venator Materials (NYSE:VNTR) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). The business had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $539.36 million. The firm’s revenue was up 7.5% on a year-over-year basis.

Several equities analysts have commented on VNTR shares. Morgan Stanley started coverage on Venator Materials in a report on Tuesday, January 30th. They issued an “equal weight” rating and a $25.00 price target for the company. Barclays reaffirmed an “equal weight” rating and issued a $25.00 price target (down previously from $27.00) on shares of Venator Materials in a report on Monday, February 26th. Zacks Investment Research raised Venator Materials from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, February 28th. BMO Capital Markets initiated coverage on Venator Materials in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $28.00 price objective on the stock. Finally, Citigroup upped their price objective on Venator Materials from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, April 10th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $27.29.

Venator Materials stock traded up $0.08 during trading hours on Monday, hitting $18.89. The stock had a trading volume of 81,334 shares, compared to its average volume of 778,077. The company has a quick ratio of 1.08, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2,001.38 and a price-to-earnings ratio of 10.85. Venator Materials has a fifty-two week low of $17.07 and a fifty-two week high of $26.90.

In other news, Director Kathy Dawn Patrick acquired 4,500 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $20.45 per share, for a total transaction of $92,025.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter R. Huntsman acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average price of $19.44 per share, for a total transaction of $194,400.00. The disclosure for this purchase can be found here.

Institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. bought a new position in Venator Materials in the 3rd quarter valued at $103,000. QS Investors LLC bought a new position in Venator Materials in the 4th quarter valued at $110,000. Wells Fargo & Company MN boosted its position in Venator Materials by 81,257.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,695 shares of the company’s stock valued at $126,000 after buying an additional 5,688 shares during the last quarter. Deutsche Bank AG boosted its position in Venator Materials by 9,700.0% in the 4th quarter. Deutsche Bank AG now owns 9,800 shares of the company’s stock valued at $216,000 after buying an additional 9,700 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Venator Materials in the 4th quarter valued at $248,000. Hedge funds and other institutional investors own 45.37% of the company’s stock.

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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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