SunTrust Banks Weighs in on Venator Materials PLC’s Q4 2017 Earnings (VNTR)

Venator Materials PLC (NASDAQ:VNTR) – SunTrust Banks boosted their Q4 2017 EPS estimates for Venator Materials PLC in a report released on Monday. SunTrust Banks analyst J. Sheehan now anticipates that the company will post earnings per share of $0.60 for the quarter, up from their prior forecast of $0.44. SunTrust Banks currently has a “Buy” rating and a $29.00 price target on the stock. SunTrust Banks also issued estimates for Venator Materials PLC’s FY2018 earnings at $2.54 EPS and FY2019 earnings at $2.94 EPS.

VNTR has been the subject of several other reports. Jefferies Group LLC began coverage on Venator Materials PLC in a report on Monday, August 7th. They set a “buy” rating and a $25.00 price objective for the company. Nomura assumed coverage on Venator Materials PLC in a research report on Monday, August 28th. They set a “buy” rating and a $24.00 price target for the company. Citigroup Inc. assumed coverage on Venator Materials PLC in a research report on Tuesday, August 29th. They set a “buy” rating and a $24.00 price target for the company. Deutsche Bank AG reissued a “buy” rating and set a $24.00 price target on shares of Venator Materials PLC in a research report on Monday, August 28th. Finally, Bank of America Corporation raised their price target on Venator Materials PLC from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $26.71.

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Venator Materials PLC (NASDAQ:VNTR) last released its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.25. The company had revenue of $582.00 million for the quarter, compared to analyst estimates of $568.31 million. Venator Materials PLC had a return on equity of 18.31% and a net margin of 6.05%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year.

In other Venator Materials PLC news, major shareholder Corp Huntsman sold 26,105,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.85, for a total transaction of $492,079,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Large investors have recently made changes to their positions in the company. First Trust Advisors LP purchased a new stake in shares of Venator Materials PLC in the third quarter valued at $1,863,000. State of Wisconsin Investment Board purchased a new stake in shares of Venator Materials PLC in the third quarter valued at $4,023,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Venator Materials PLC in the third quarter valued at $33,036,000.

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.

Earnings History and Estimates for Venator Materials PLC (NASDAQ:VNTR)

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