Venator Materials (NYSE:VNTR) posted its quarterly earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02, MarketWatch Earnings reports. The business had revenue of $562.00 million during the quarter, compared to analysts’ expectations of $561.44 million. Venator Materials had a negative net margin of 7.20% and a positive return on equity of 21.34%. The business’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share.
Shares of NYSE:VNTR traded down $0.19 during midday trading on Thursday, reaching $5.04. The company’s stock had a trading volume of 77,139 shares, compared to its average volume of 783,781. The firm has a market capitalization of $556.47 million, a P/E ratio of 2.36, a PEG ratio of 1.25 and a beta of 1.96. Venator Materials has a twelve month low of $3.59 and a twelve month high of $18.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.07 and a quick ratio of 1.08.
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Venator Materials by 146.3% in the third quarter. JPMorgan Chase & Co. now owns 388,890 shares of the company’s stock valued at $3,500,000 after purchasing an additional 231,026 shares during the period. Renaissance Technologies LLC acquired a new position in Venator Materials in the third quarter worth $7,241,000. Morgan Stanley boosted its holdings in Venator Materials by 176.4% in the third quarter. Morgan Stanley now owns 864,355 shares of the company’s stock worth $7,780,000 after purchasing an additional 551,585 shares during the period. Clearbridge Investments LLC boosted its holdings in Venator Materials by 1,048.7% in the third 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 period. Finally, Vanguard Group Inc boosted its holdings in Venator Materials by 0.7% in the third quarter. Vanguard Group Inc now owns 905,762 shares of the company’s stock worth $8,152,000 after purchasing an additional 6,207 shares during the period. Hedge funds and other institutional investors own 46.16% of the company’s stock.
A number of research analysts have issued reports on VNTR shares. Citigroup reaffirmed a “buy” rating and issued a $7.50 price target on shares of Venator Materials in a report on Friday, February 22nd. UBS Group raised shares of Venator Materials from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a report on Wednesday, February 6th. ValuEngine raised shares of Venator Materials from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Venator Materials from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Finally, Royal Bank of Canada raised shares of Venator Materials from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $7.00 to $9.00 in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $15.41.
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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