Arcadium Lithium (ALTM) Projected to Post Earnings on Thursday

Arcadium Lithium (NYSE:ALTM) is expected to issue its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $250.96 million for the quarter.

Arcadium Lithium Trading Up 0.3 %

Shares of ALTM stock opened at $5.84 on Tuesday. The firm’s 50 day moving average is $5.53 and its 200 day moving average is $4.59. The stock has a market capitalization of $6.28 billion, a P/E ratio of 21.61 and a beta of 1.45. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $5.84.

Wall Street Analysts Forecast Growth

ALTM has been the subject of a number of analyst reports. B. Riley lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Argus downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th. Finally, Scotiabank cut Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.00.

About Arcadium Lithium

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.