Venator Materials PLC (NYSE:VNTR) – Research analysts at Jefferies Financial Group cut their Q3 2018 earnings per share estimates for Venator Materials in a research report issued to clients and investors on Thursday, September 13th. Jefferies Financial Group analyst L. Alexander now anticipates that the company will post earnings per share of $0.23 for the quarter, down from their previous forecast of $0.35. Jefferies Financial Group also issued estimates for Venator Materials’ Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $2.15 EPS, FY2019 earnings at $1.25 EPS and FY2020 earnings at $1.85 EPS.
Venator Materials (NYSE:VNTR) last announced its earnings results on Tuesday, July 31st. The company reported $0.85 EPS for the quarter, meeting analysts’ consensus estimates of $0.85. Venator Materials had a return on equity of 27.45% and a net margin of 16.67%. The business had revenue of $626.00 million during the quarter, compared to analysts’ expectations of $666.44 million. The company’s revenue was up 11.4% compared to the same quarter last year.
VNTR has been the subject of a number of other research reports. Nomura reduced their target price on Venator Materials from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, September 13th. UBS Group reduced their target price on Venator Materials from $20.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 10th. Royal Bank of Canada cut Venator Materials from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 13th. Bank of America cut Venator Materials from a “buy” rating to an “underperform” rating and reduced their target price for the company from $24.00 to $12.00 in a report on Wednesday, August 1st. Finally, BMO Capital Markets reduced their target price on Venator Materials from $23.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, August 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $23.87.
Shares of Venator Materials stock opened at $10.17 on Monday. Venator Materials has a 12 month low of $9.82 and a 12 month high of $26.90. The company has a market cap of $1.15 billion and a price-to-earnings ratio of 5.85. The company has a quick ratio of 1.49, a current ratio of 2.32 and a debt-to-equity ratio of 0.56.
Large investors have recently bought and sold shares of the stock. Luminus Management LLC increased its holdings in shares of Venator Materials by 34.4% in the second quarter. Luminus Management LLC now owns 4,227,858 shares of the company’s stock valued at $69,168,000 after purchasing an additional 1,082,835 shares during the last quarter. BlackRock Inc. grew its position in Venator Materials by 8.4% in the first quarter. BlackRock Inc. now owns 1,139,941 shares of the company’s stock worth $20,621,000 after acquiring an additional 88,182 shares during the period. Allianz Asset Management GmbH purchased a new position in Venator Materials in the first quarter worth approximately $1,300,000. Virginia Retirement Systems ET AL grew its position in Venator Materials by 91.9% in the second quarter. Virginia Retirement Systems ET AL now owns 33,000 shares of the company’s stock worth $540,000 after acquiring an additional 15,800 shares during the period. Finally, Spark Investment Management LLC purchased a new position in Venator Materials in the second quarter worth approximately $4,585,000. 39.67% of the stock is owned by hedge funds and other institutional investors.
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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