Wall Street analysts forecast that Venator Materials PLC (NYSE:VNTR) will report earnings per share of $0.20 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Venator Materials’ earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.16. Venator Materials reported earnings per share of $0.85 in the same quarter last year, which would suggest a negative year-over-year growth rate of 76.5%. The business is scheduled to report its next earnings report on Tuesday, July 30th.
On average, analysts expect that Venator Materials will report full-year earnings of $0.61 per share for the current fiscal year, with EPS estimates ranging from $0.45 to $0.80. For the next fiscal year, analysts expect that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.50 to $1.41. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Venator Materials.
Venator Materials (NYSE:VNTR) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. Venator Materials had a negative net margin of 11.07% and a positive return on equity of 15.64%. The business had revenue of $562.00 million during the quarter, compared to analysts’ expectations of $561.44 million. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s quarterly revenue was down 9.6% on a year-over-year basis.
VNTR has been the subject of a number of recent analyst reports. Citigroup restated a “buy” rating and issued a $7.50 price objective on shares of Venator Materials in a research report on Friday, February 22nd. Zacks Investment Research upgraded shares of Venator Materials from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, Royal Bank of Canada upgraded shares of Venator Materials from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $7.00 to $9.00 in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $15.41.
Shares of VNTR traded up $0.30 during trading hours on Tuesday, reaching $5.10. The stock had a trading volume of 3,412,222 shares, compared to its average volume of 760,971. The company has a quick ratio of 1.15, a current ratio of 2.18 and a debt-to-equity ratio of 0.89. Venator Materials has a 52 week low of $3.59 and a 52 week high of $18.35. The stock has a market cap of $510.72 million, a P/E ratio of 2.32, a P/E/G ratio of 0.75 and a beta of 2.13.
In related news, Director Kathy Dawn Patrick bought 10,500 shares of Venator Materials stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average cost of $4.47 per share, with a total value of $46,935.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in Venator Materials by 11.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,814,250 shares of the company’s stock worth $21,436,000 after purchasing an additional 402,783 shares during the period. Clearbridge Investments LLC boosted its stake in Venator Materials by 3.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,762,543 shares of the company’s stock worth $15,525,000 after purchasing an additional 91,270 shares during the period. Schneider Capital Management Corp boosted its stake in Venator Materials by 83.6% in the 1st quarter. Schneider Capital Management Corp now owns 2,755,009 shares of the company’s stock worth $15,483,000 after purchasing an additional 1,254,734 shares during the period. Bank of America Corp DE boosted its stake in Venator Materials by 3,061.8% in the 4th quarter. Bank of America Corp DE now owns 2,478,540 shares of the company’s stock worth $10,385,000 after purchasing an additional 2,400,150 shares during the period. Finally, Norges Bank acquired a new position in Venator Materials in the 4th quarter worth $5,982,000. 44.08% 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.
Recommended Story: What are Bollinger Bands?
Get a free copy of the Zacks research report on Venator Materials (VNTR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Venator Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venator Materials and related companies with MarketBeat.com's FREE daily email newsletter.