Livent (LTHM) Updates Q1 2019 Earnings Guidance

Livent (NASDAQ:LTHM) updated its first quarter 2019 earnings guidance on Monday. The company provided earnings per share guidance of $0.11-0.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.24. The company issued revenue guidance of $95-105 million, compared to the consensus revenue estimate of $115.12 million.Livent also updated its FY 2019 guidance to $0.92-0.98 EPS.

Several research firms recently issued reports on LTHM. HSBC began coverage on Livent in a research report on Monday, December 3rd. They issued a buy rating and a $22.00 price objective on the stock. Loop Capital started coverage on Livent in a research report on Friday, November 9th. They issued a buy rating and a $22.00 price objective on the stock. Buckingham Research started coverage on Livent in a report on Wednesday, November 14th. They set a neutral rating and a $18.00 price target on the stock. They noted that the move was a valuation call. Credit Suisse Group started coverage on Livent in a report on Monday, November 5th. They set an outperform rating and a $20.00 price target on the stock. Finally, Nomura started coverage on Livent in a report on Monday, November 5th. They set a buy rating and a $20.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $19.85.

Shares of NASDAQ LTHM traded up $0.45 during midday trading on Monday, hitting $13.12. 1,465,127 shares of the stock traded hands, 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.

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About Livent

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.

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