Venator Materials PLC (VNTR) Releases Earnings Results, Beats Estimates By $0.25 EPS

Venator Materials PLC (NASDAQ:VNTR) announced its quarterly earnings data on Friday. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.25, Bloomberg Earnings reports. The company had revenue of $582.00 million for the quarter, compared to analysts’ expectations of $568.31 million. Venator Materials PLC had a return on equity of 18.31% and a net margin of 6.05%. Venator Materials PLC’s quarterly revenue was up 9.4% on a year-over-year basis.

Shares of Venator Materials PLC (NASDAQ:VNTR) traded down 2.71% during midday trading on Friday, hitting $24.81. The stock had a trading volume of 1,908,573 shares. The company’s market cap is $2.64 billion. Venator Materials PLC has a 52-week low of $17.85 and a 52-week high of $26.90. The company’s 50 day moving average is $23.27 and its 200 day moving average is $21.82.

A number of equities analysts recently weighed in on VNTR shares. UBS AG started coverage on Venator Materials PLC in a report on Monday, August 28th. They set a “neutral” rating and a $22.00 price objective on the stock. Royal Bank Of Canada restated a “buy” rating and set a $28.00 price target on shares of Venator Materials PLC in a research report on Wednesday, October 18th. SunTrust Banks, Inc. began coverage on Venator Materials PLC in a research report on Monday, August 28th. They set a “buy” rating and a $25.00 price target on the stock. Nomura raised their price target on Venator Materials PLC from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Bank of America Corporation restated a “buy” rating and set a $23.00 price target on shares of Venator Materials PLC in a research report on Monday, August 28th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.93.

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In other news, major shareholder Corp Huntsman sold 26,105,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $18.85, for a total value of $492,079,250.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

A hedge fund recently bought a new stake in Venator Materials PLC stock. First Trust Advisors LP acquired a new position in Venator Materials PLC (NASDAQ:VNTR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 82,412 shares of the company’s stock, valued at approximately $1,863,000. First Trust Advisors LP owned approximately 0.08% of Venator Materials PLC at the end of the most recent reporting period.

Venator Materials PLC Company Profile

Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.

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