Piper Sandler Equities Analysts Decrease Earnings Estimates for Livent Co. (NYSE:LTHM)

Livent Co. (NYSE:LTHM) – Equities researchers at Piper Sandler dropped their FY2021 EPS estimates for shares of Livent in a research note issued on Tuesday, January 11th. Piper Sandler analyst G. Tuttle now forecasts that the company will post earnings per share of $0.14 for the year, down from their prior estimate of $0.16. Piper Sandler also issued estimates for Livent’s Q4 2021 earnings at $0.04 EPS, Q1 2023 earnings at $0.28 EPS, Q2 2023 earnings at $0.27 EPS and FY2023 earnings at $0.97 EPS.

Livent (NYSE:LTHM) last posted its earnings results on Thursday, November 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Livent had a positive return on equity of 2.22% and a negative net margin of 3.13%. The firm had revenue of $103.60 million for the quarter, compared to analyst estimates of $96.00 million. During the same period in the previous year, the company posted ($0.05) EPS. Livent’s revenue was up 42.7% on a year-over-year basis.

LTHM has been the topic of several other research reports. Vertical Research upgraded Livent from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, January 4th. Raymond James increased their price objective on Livent from $26.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, November 5th. Zacks Investment Research upgraded Livent from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday. Loop Capital increased their price objective on Livent from $27.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 4th. Finally, Mizuho raised their price target on Livent from $26.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Livent has an average rating of “Hold” and a consensus price target of $26.64.

Shares of NYSE LTHM opened at $24.58 on Thursday. The stock’s 50-day moving average is $27.17 and its two-hundred day moving average is $24.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.87 and a quick ratio of 3.63. Livent has a 1-year low of $14.73 and a 1-year high of $33.04. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -273.11, a price-to-earnings-growth ratio of 1.26 and a beta of 2.10.

A number of hedge funds have recently modified their holdings of the stock. Spire Wealth Management increased its position in Livent by 47.4% during the fourth quarter. Spire Wealth Management now owns 2,147 shares of the company’s stock worth $52,000 after buying an additional 690 shares in the last quarter. IFP Advisors Inc increased its position in Livent by 75.0% during the fourth quarter. IFP Advisors Inc now owns 1,750 shares of the company’s stock worth $42,000 after buying an additional 750 shares in the last quarter. Canton Hathaway LLC increased its position in Livent by 16.0% during the fourth quarter. Canton Hathaway LLC now owns 23,200 shares of the company’s stock worth $566,000 after buying an additional 3,200 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in Livent by 2.8% during the third quarter. Segall Bryant & Hamill LLC now owns 419,867 shares of the company’s stock worth $9,703,000 after buying an additional 11,373 shares in the last quarter. Finally, American International Group Inc. increased its position in Livent by 5.3% during the third quarter. American International Group Inc. now owns 101,661 shares of the company’s stock worth $2,349,000 after buying an additional 5,071 shares in the last quarter. 94.06% of the stock is owned by hedge funds and other institutional investors.

Livent Company Profile

Livent Corp. engages in the production of performance lithium compounds. Its products include battery-grade lithium hydroxide, butyllithium, and purity lithium metal which are used in various performance applications. It operates through the following geographical segments: North America; Europe, Middle East, and Africa; Latin America; and Asia Pacific.

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Earnings History and Estimates for Livent (NYSE:LTHM)

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