Livent (NYSE:LTHM) announced its quarterly earnings data on Sunday. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01, MarketWatch Earnings reports. The business had revenue of $91.70 million during the quarter, compared to the consensus estimate of $79.78 million. Livent had a negative net margin of 4.96% and a positive return on equity of 0.59%. The company’s revenue was up 33.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share.
LTHM traded up $0.36 during trading on Tuesday, reaching $18.08. 2,222,575 shares of the stock traded hands, compared to its average volume of 3,282,244. The company has a quick ratio of 1.78, a current ratio of 3.24 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $2.65 billion, a PE ratio of -200.89, a P/E/G ratio of 5.25 and a beta of 2.24. The stock’s 50-day moving average is $17.61 and its 200 day moving average is $17.41. Livent has a 12 month low of $4.71 and a 12 month high of $23.99.
Several research analysts have recently issued reports on LTHM shares. Credit Suisse Group reiterated a “neutral” rating and set a $14.00 price target on shares of Livent in a report on Monday, March 22nd. Argus upgraded shares of Livent from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Monday, February 22nd. Smith Barney Citigroup downgraded shares of Livent from a “buy” rating to a “neutral” rating in a report on Wednesday, January 6th. Evercore ISI upgraded shares of Livent from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $20.00 to $22.00 in a report on Monday, April 26th. Finally, Cowen started coverage on shares of Livent in a report on Tuesday, March 16th. They set a “market perform” rating and a $19.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Livent presently has an average rating of “Hold” and a consensus target price of $17.91.
Livent Company Profile
Livent Corporation manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and butyllithium, which is used in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in the production of lightweight materials for aerospace applications and non-rechargeable batteries.
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