Equities Analysts Offer Predictions for Venator Materials PLC’s FY2018 Earnings (VNTR)

Venator Materials PLC (NYSE:VNTR) – Investment analysts at Jefferies Financial Group decreased their FY2018 earnings per share (EPS) estimates for Venator Materials in a report released on Wednesday, November 28th. Jefferies Financial Group analyst L. Alexander now anticipates that the company will post earnings per share of $1.90 for the year, down from their prior forecast of $2.00. Jefferies Financial Group currently has a “Buy” rating on the stock.

A number of other research analysts also recently commented on the stock. Deutsche Bank lowered their price target on shares of Venator Materials from $14.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Alembic Global Advisors set a $32.00 price target on shares of Venator Materials and gave the company a “buy” rating in a report on Tuesday, October 30th. MED reaffirmed a “buy” rating and issued a $32.00 price target on shares of Venator Materials in a report on Wednesday, August 29th. UBS Group downgraded shares of Venator Materials from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, Morgan Stanley lowered their price target on shares of Venator Materials from $17.50 to $10.00 and set a “hold” rating for the company in a report on Tuesday, September 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.71.

NYSE VNTR opened at $5.33 on Friday. The firm has a market cap of $588.39 million, a PE ratio of 3.06, a PEG ratio of 0.31 and a beta of 1.63. The company has a current ratio of 2.27, a quick ratio of 1.34 and a debt-to-equity ratio of 0.76. Venator Materials has a 1-year low of $5.21 and a 1-year high of $24.31.

Venator Materials (NYSE:VNTR) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $533.00 million during the quarter, compared to the consensus estimate of $577.99 million. Venator Materials had a negative net margin of 1.13% and a positive return on equity of 24.15%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share.

Large investors have recently modified their holdings of the company. General American Investors Co. Inc. grew its position in Venator Materials by 57.0% during the 3rd quarter. General American Investors Co. Inc. now owns 1,189,536 shares of the company’s stock worth $10,706,000 after purchasing an additional 431,941 shares during the last quarter. Putnam Investments LLC purchased a new position in Venator Materials during the 2nd quarter valued at about $1,904,000. Luminus Management LLC increased its holdings in Venator Materials by 34.4% during the 2nd quarter. Luminus Management LLC now owns 4,227,858 shares of the company’s stock valued at $69,168,000 after acquiring an additional 1,082,835 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Venator Materials by 145.0% during the 2nd quarter. GSA Capital Partners LLP now owns 37,053 shares of the company’s stock valued at $606,000 after acquiring an additional 21,932 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in Venator Materials by 34.5% during the 2nd quarter. Macquarie Group Ltd. now owns 2,853,980 shares of the company’s stock valued at $46,691,000 after acquiring an additional 731,519 shares in the last quarter. 38.73% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Kathy Dawn Patrick acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The stock was acquired at an average price of $6.76 per share, with a total value of $135,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Venator Materials Company Profile

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.

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

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