$568.08 Million in Sales Expected for Venator Materials PLC (NYSE:VNTR) This Quarter

Brokerages predict that Venator Materials PLC (NYSE:VNTR) will announce sales of $568.08 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Venator Materials’ earnings, with the lowest sales estimate coming in at $545.20 million and the highest estimate coming in at $608.00 million. Venator Materials reported sales of $626.00 million during the same quarter last year, which indicates a negative year-over-year growth rate of 9.3%. The company is expected to announce its next quarterly earnings report before the market opens on Tuesday, August 6th.

On average, analysts expect that Venator Materials will report full-year sales of $2.15 billion for the current fiscal year, with estimates ranging from $2.10 billion to $2.22 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.28 billion, with estimates ranging from $2.21 billion to $2.38 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Venator Materials.

Venator Materials (NYSE:VNTR) last announced its earnings results on Thursday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Venator Materials had a negative net margin of 11.07% and a positive return on equity of 15.64%. The company had revenue of $562.00 million for the quarter, compared to the consensus estimate of $561.44 million. During the same period in the previous year, the business earned $0.85 EPS. The company’s revenue was down 9.6% on a year-over-year basis.

A number of research firms have recently weighed in on VNTR. Morgan Stanley set a $6.00 price target on shares of Venator Materials and gave the stock a “hold” rating in a research note on Wednesday, June 19th. Citigroup downgraded shares of Venator Materials from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $7.50 to $4.50 in a research note on Friday, July 12th. Finally, Royal Bank of Canada raised shares of Venator Materials from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $7.00 to $9.00 in a research note on Thursday, April 18th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.05.

NYSE:VNTR traded down $0.47 during trading hours on Monday, hitting $3.07. 1,633,894 shares of the stock traded hands, compared to its average volume of 654,050. The business’s 50 day simple moving average is $4.65. The company has a current ratio of 2.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.89. Venator Materials has a fifty-two week low of $3.04 and a fifty-two week high of $13.63. The firm has a market capitalization of $407.51 million, a price-to-earnings ratio of 2.59, a price-to-earnings-growth ratio of 0.65 and a beta of 2.34.

In related news, Director Kathy Dawn Patrick purchased 10,500 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $4.47 per share, with a total value of $46,935.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc increased its position in Venator Materials by 229.2% during the fourth quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock worth $146,000 after buying an additional 24,339 shares during the last quarter. Quantitative Systematic Strategies LLC increased its position in Venator Materials by 187.6% during the second quarter. Quantitative Systematic Strategies LLC now owns 37,243 shares of the company’s stock worth $197,000 after buying an additional 24,294 shares during the last quarter. Bank of New York Mellon Corp increased its position in Venator Materials by 22.8% during the fourth quarter. Bank of New York Mellon Corp now owns 44,887 shares of the company’s stock worth $188,000 after buying an additional 8,322 shares during the last quarter. LPL Financial LLC increased its position in Venator Materials by 18.5% during the fourth quarter. LPL Financial LLC now owns 48,379 shares of the company’s stock worth $203,000 after buying an additional 7,568 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in Venator Materials during the first quarter worth $293,000. 44.08% of the stock is currently owned by hedge funds and other institutional investors.

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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