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.
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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