Livent (LTHM) Issues FY 2019 Earnings Guidance

Livent (NASDAQ:LTHM) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $0.92-0.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.04. The company issued revenue guidance of $495-525 million, compared to the consensus revenue estimate of $507.27 million.Livent also updated its Q1 2019 guidance to $0.11-0.14 EPS.

A number of analysts have weighed in on the stock. HSBC assumed coverage on shares of Livent in a report on Monday, December 3rd. They set a buy rating and a $22.00 target price on the stock. Loop Capital assumed coverage on shares of Livent in a report on Friday, November 9th. They set a buy rating and a $22.00 target price on the stock. Buckingham Research assumed coverage on shares of Livent in a report on Wednesday, November 14th. They set a neutral rating and a $18.00 target price on the stock. They noted that the move was a valuation call. Credit Suisse Group assumed coverage on shares of Livent in a report on Monday, November 5th. They set an outperform rating and a $20.00 target price on the stock. Finally, Nomura began coverage on shares of Livent in a report on Monday, November 5th. They set a buy rating and a $20.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Livent currently has an average rating of Buy and an average target price of $19.85.

LTHM traded up $0.45 on Monday, reaching $13.12. The company had a trading volume of 1,467,500 shares, compared to its average volume of 833,023. Livent has a one year low of $12.10 and a one year high of $19.90.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.com-unik.info/2019/02/11/livent-lthm-issues-fy-2019-earnings-guidance.html.

Livent Company Profile

Livent Corporation manufactures and sells performance lithium compounds that are used primarily in energy storage, specialty polymers, and chemical synthesis application. The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and supplies butyllithium, which is used as a synthesizer in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in the production of lightweight materials for aerospace applications and non-rechargeable batteries.

Featured Story: Momentum Investing

Receive News & Ratings for Livent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Livent and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit