Venator Materials PLC (NYSE:VNTR) – Equities researchers at SunTrust Banks reduced their Q3 2018 EPS estimates for shares of Venator Materials in a research report issued on Monday, September 10th, according to Zacks Investment Research. SunTrust Banks analyst J. Sheehan now anticipates that the company will earn $0.27 per share for the quarter, down from their prior forecast of $0.50. SunTrust Banks also issued estimates for Venator Materials’ Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $2.14 EPS and FY2019 earnings at $1.25 EPS.
Venator Materials (NYSE:VNTR) last released its quarterly earnings data on Tuesday, July 31st. The company reported $0.85 earnings per share for the quarter, meeting the consensus estimate of $0.85. The business had revenue of $626.00 million for the quarter, compared to analyst estimates of $666.44 million. Venator Materials had a return on equity of 27.45% and a net margin of 16.67%. Venator Materials’s quarterly revenue was up 11.4% compared to the same quarter last year.
Several other equities analysts have also weighed in on the company. MED reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Venator Materials in a research note on Wednesday, August 29th. Zacks Investment Research lowered Venator Materials from a “buy” rating to a “sell” rating in a research note on Friday, August 3rd. ValuEngine raised Venator Materials from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. Nomura reduced their price target on Venator Materials from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, September 13th. Finally, Morgan Stanley reduced their price target on Venator Materials from $17.50 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, September 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.26.
Shares of NYSE VNTR traded down $0.55 during midday trading on Thursday, hitting $9.26. The stock had a trading volume of 1,289,821 shares, compared to its average volume of 822,324. The firm has a market capitalization of $957.60 million, a P/E ratio of 5.32, a P/E/G ratio of 0.44 and a beta of 1.07. Venator Materials has a 1-year low of $8.50 and a 1-year high of $26.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.32 and a quick ratio of 1.49.
Several institutional investors and hedge funds have recently made changes to their positions in the business. NJ State Employees Deferred Compensation Plan raised its position in shares of Venator Materials by 11.8% in the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 38,000 shares of the company’s stock valued at $622,000 after purchasing an additional 4,000 shares in the last quarter. LPL Financial LLC raised its position in shares of Venator Materials by 19.0% in the 1st quarter. LPL Financial LLC now owns 29,515 shares of the company’s stock valued at $534,000 after purchasing an additional 4,722 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Venator Materials by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 153,347 shares of the company’s stock valued at $2,775,000 after purchasing an additional 7,151 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Venator Materials in the 1st quarter valued at approximately $174,000. Finally, Deutsche Bank AG raised its position in shares of Venator Materials by 9,700.0% in the 4th quarter. Deutsche Bank AG now owns 9,800 shares of the company’s stock valued at $216,000 after purchasing an additional 9,700 shares in the last quarter. 39.66% of the stock is currently owned by institutional investors.
About Venator Materials
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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