Venator Materials (VNTR) Stock Price Up 6.1% on Better-Than-Expected Earnings

Venator Materials PLC (NYSE:VNTR) shares rose 6.1% on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $6.60 and last traded at $6.30. Approximately 2,127,193 shares changed hands during trading, an increase of 152% from the average daily volume of 844,226 shares. The stock had previously closed at $5.94.

The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.15. The business had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $480.96 million. Venator Materials had a negative net margin of 1.13% and a positive return on equity of 24.15%. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share.

VNTR has been the topic of several recent analyst reports. Deutsche Bank cut their price target on shares of Venator Materials from $14.00 to $10.00 and set a “buy” rating on the stock 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. Jefferies Financial Group reissued a “buy” rating on shares of Venator Materials in a research report on Sunday, November 4th. UBS Group raised Venator Materials from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Wednesday, February 6th. Finally, ValuEngine raised Venator Materials from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Venator Materials presently has an average rating of “Hold” and an average price target of $19.69.

Institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. raised its position in shares of Venator Materials by 9.1% in the 3rd quarter. Macquarie Group Ltd. now owns 3,112,862 shares of the company’s stock worth $28,016,000 after purchasing an additional 258,882 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Venator Materials by 3.8% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,729,525 shares of the company’s stock worth $24,566,000 after purchasing an additional 99,325 shares during the last quarter. Bank of America Corp DE raised its position in shares of Venator Materials by 3,061.8% in the 4th quarter. Bank of America Corp DE now owns 2,478,540 shares of the company’s stock worth $10,385,000 after purchasing an additional 2,400,150 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Venator Materials by 1,048.7% in the 3rd quarter. Clearbridge Investments LLC now owns 1,776,206 shares of the company’s stock worth $15,986,000 after purchasing an additional 1,621,579 shares during the last quarter. Finally, Systematic Financial Management LP raised its position in shares of Venator Materials by 0.8% in the 3rd quarter. Systematic Financial Management LP now owns 1,563,455 shares of the company’s stock worth $14,071,000 after purchasing an additional 11,792 shares during the last quarter. 40.53% of the stock is owned by institutional investors and hedge funds.

The company has a quick ratio of 1.34, a current ratio of 2.27 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $607.54 million, a PE ratio of 3.62, a PEG ratio of 0.96 and a beta of 1.66.

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Venator Materials Company Profile (NYSE:VNTR)

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.

Further Reading: Return on Investment (ROI)

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