Venator Materials PLC (NYSE:VNTR) shares were up 6.1% during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $6.60 and last traded at $6.30. Approximately 2,127,193 shares changed hands during mid-day trading, an increase of 152% from the average daily volume of 844,226 shares. The stock had previously closed at $5.94.
The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.15. The business had revenue of $484.00 million during the quarter, compared to the consensus estimate of $480.96 million. Venator Materials had a positive return on equity of 24.15% and a negative net margin of 1.13%. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS.
A number of equities research analysts have issued reports on VNTR shares. Jefferies Financial Group restated a “buy” rating on shares of Venator Materials in a research note on Sunday, November 4th. Alembic Global Advisors set a $32.00 price target on Venator Materials and gave the company a “buy” rating in a research note on Tuesday, October 30th. BMO Capital Markets cut their price target on Venator Materials from $13.00 to $9.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. UBS Group upgraded Venator Materials from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Wednesday, February 6th. Finally, Deutsche Bank cut their price objective on Venator Materials from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.69.
The company has a quick ratio of 1.34, a current ratio of 2.27 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $607.54 million, a P/E ratio of 3.62, a P/E/G ratio of 0.96 and a beta of 1.66.
TRADEMARK VIOLATION NOTICE: “Venator Materials (VNTR) Trading Up 6.1% After Strong Earnings” was first reported by BBNS and is the sole property of of BBNS. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://baseballnewssource.com/2019/02/21/venator-materials-vntr-trading-up-6-1-after-strong-earnings/3231844.html.
Venator Materials Company Profile (NYSE:VNTR)
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.
See Also: How accurate is the Rule of 72?
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.