Venator Materials PLC (NASDAQ:VNTR) announced its quarterly earnings data on Friday. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.25, Bloomberg Earnings reports. The business had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $568.31 million. Venator Materials PLC had a net margin of 6.05% and a return on equity of 18.31%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis.
Shares of Venator Materials PLC (VNTR) traded down 3.33% on Friday, hitting $24.65. 1,660,661 shares of the stock traded hands. The stock’s market cap is $2.62 billion. The stock’s 50 day moving average price is $23.04 and its 200 day moving average price is $21.70. Venator Materials PLC has a 52-week low of $17.85 and a 52-week high of $26.90.
In other news, major shareholder Corp Huntsman sold 26,105,000 shares of Venator Materials PLC stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $18.85, for a total value of $492,079,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
An institutional investor recently bought a new position in Venator Materials PLC stock. First Trust Advisors LP acquired a new position in Venator Materials PLC (NASDAQ:VNTR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 82,412 shares of the company’s stock, valued at approximately $1,863,000. First Trust Advisors LP owned about 0.08% of Venator Materials PLC as of its most recent SEC filing.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Venator Materials PLC from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Thursday. Vertical Research assumed coverage on shares of Venator Materials PLC in a report on Monday. They issued a “buy” rating and a $28.00 price objective on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $28.00 price objective on shares of Venator Materials PLC in a report on Wednesday, October 18th. Nomura upped their price objective on shares of Venator Materials PLC from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Instinet assumed coverage on shares of Venator Materials PLC in a report on Monday, August 28th. They issued a “buy” rating and a $24.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Venator Materials PLC has a consensus rating of “Buy” and an average target price of $24.93.
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Venator Materials PLC Company Profile
Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.
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