Venator Materials PLC (VNTR) Expected to Post Earnings of $0.34 Per Share

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Analysts forecast that Venator Materials PLC (NYSE:VNTR) will post earnings per share of $0.34 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Venator Materials’ earnings, with estimates ranging from $0.23 to $0.61. Venator Materials reported earnings of $0.70 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 51.4%. The firm is expected to report its next earnings report before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that Venator Materials will report full year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.91. For the next financial year, analysts forecast that the business will post earnings of $1.49 per share, with EPS estimates ranging from $0.93 to $2.25. Zacks’ earnings per share averages 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 Tuesday, July 31st. The company reported $0.85 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $666.44 million. The company’s revenue was up 11.4% on a year-over-year basis.

A number of analysts have issued reports on the company. Nomura reduced their price objective on Venator Materials from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, June 28th. Citigroup reduced their price objective on Venator Materials from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, July 11th. Bank of America downgraded Venator Materials from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $24.00 to $12.00 in a research note on Wednesday, August 1st. Deutsche Bank reduced their price objective on Venator Materials from $24.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Finally, Morgan Stanley reduced their price objective on Venator Materials from $25.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, July 17th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.26.

NYSE:VNTR traded up $0.43 during trading hours on Friday, reaching $9.27. The stock had a trading volume of 2,051,442 shares, compared to its average volume of 848,344. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.32 and a quick ratio of 1.49. Venator Materials has a 52 week low of $8.50 and a 52 week high of $26.90. The company has a market cap of $957.60 million, a price-to-earnings ratio of 5.33, a PEG ratio of 0.44 and a beta of 1.07.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new position in shares of Venator Materials during the 1st quarter valued at approximately $174,000. Legal & General Group Plc bought a new position in shares of Venator Materials during the 1st quarter valued at approximately $192,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Venator Materials during the 2nd quarter valued at approximately $215,000. Verition Fund Management LLC bought a new position in shares of Venator Materials during the 1st quarter valued at approximately $251,000. Finally, Barclays PLC increased its position in shares of Venator Materials by 330.3% during the 1st quarter. Barclays PLC now owns 21,492 shares of the company’s stock valued at $390,000 after purchasing an additional 16,497 shares during the last quarter. 39.66% of the stock is currently 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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