Analysts Anticipate Venator Materials PLC (NYSE:VNTR) Will Post Earnings of $0.03 Per Share

Equities research analysts expect Venator Materials PLC (NYSE:VNTR) to post earnings of $0.03 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Venator Materials’ earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at ($0.03). Venator Materials reported earnings of ($0.03) per share in the same quarter last year, which indicates a positive year over year growth rate of 200%. The firm is expected to announce its next earnings report before the market opens on Tuesday, August 3rd.

On average, analysts expect that Venator Materials will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from ($0.05) to $0.21. For the next year, analysts forecast that the business will post earnings of $0.34 per share, with EPS estimates ranging from $0.25 to $0.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Venator Materials.

Venator Materials (NYSE:VNTR) last posted its quarterly earnings results on Thursday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). The business had revenue of $553.00 million for the quarter, compared to the consensus estimate of $564.70 million. Venator Materials had a negative return on equity of 5.18% and a negative net margin of 7.15%.

Several equities analysts have recently weighed in on VNTR shares. Craig Hallum reissued a “buy” rating and issued a $14.00 price objective on shares of Venator Materials in a research report on Tuesday, June 29th. Morgan Stanley raised their price target on shares of Venator Materials from $3.75 to $4.50 and gave the stock an “equal weight” rating in a research report on Monday, May 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $5.50 price objective on shares of Venator Materials in a research note on Monday, June 14th. Finally, Zacks Investment Research downgraded shares of Venator Materials from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Venator Materials presently has an average rating of “Hold” and an average target price of $5.27.

VNTR stock traded down $0.01 during trading hours on Thursday, reaching $3.30. The stock had a trading volume of 6,340 shares, compared to its average volume of 359,807. The company has a market capitalization of $351.65 million, a PE ratio of -2.53 and a beta of 1.90. The company has a quick ratio of 1.48, a current ratio of 2.53 and a debt-to-equity ratio of 1.59. The company’s 50-day moving average is $4.53. Venator Materials has a fifty-two week low of $1.63 and a fifty-two week high of $5.85.

Hedge funds have recently made changes to their positions in the business. General American Investors Co. Inc. bought a new stake in Venator Materials during the 4th quarter valued at $2,562,000. Renaissance Technologies LLC increased its stake in Venator Materials by 7.3% during the 1st quarter. Renaissance Technologies LLC now owns 564,760 shares of the company’s stock valued at $2,615,000 after purchasing an additional 38,322 shares in the last quarter. XTX Topco Ltd purchased a new position in Venator Materials during the 1st quarter worth $69,000. Squarepoint Ops LLC boosted its holdings in Venator Materials by 11.6% during the 4th quarter. Squarepoint Ops LLC now owns 184,063 shares of the company’s stock worth $609,000 after acquiring an additional 19,148 shares during the last quarter. Finally, Monarch Partners Asset Management LLC boosted its holdings in Venator Materials by 156.3% during the 1st quarter. Monarch Partners Asset Management LLC now owns 1,237,630 shares of the company’s stock worth $5,730,000 after acquiring an additional 754,832 shares during the last quarter. Institutional investors and hedge funds own 28.20% of the company’s stock.

Venator Materials Company Profile

Venator Materials PLC, together with its subsidiaries, 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 ultrafine TiO2 products for use in coatings, printing inks, PVC window frames, plastic masterbatches, cosmetics, pharmaceuticals, polyester fibers, polyamide fibers, catalysts, paper, and food and personal care products.

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Earnings History and Estimates for Venator Materials (NYSE:VNTR)

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