Wall Street brokerages forecast that Venator Materials (NYSE:VNTR) will post earnings of $0.84 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Venator Materials’ earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $1.02. The firm is expected to report its next earnings results before the market opens on Tuesday, May 1st.
On average, analysts expect that Venator Materials will report full-year earnings of $3.14 per share for the current year, with EPS estimates ranging from $2.88 to $3.55. For the next year, analysts anticipate that the company will post earnings of $3.27 per share, with EPS estimates ranging from $2.73 to $4.15. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Venator Materials.
Venator Materials (NYSE:VNTR) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.05). The company had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $539.36 million. The company’s revenue for the quarter was up 7.5% on a year-over-year basis.
VNTR opened at $19.30 on Monday. The stock has a market cap of $2,050.33 and a P/E ratio of 11.09. Venator Materials has a fifty-two week low of $17.07 and a fifty-two week high of $26.90. The company has a current ratio of 1.77, a quick ratio of 1.08 and a debt-to-equity ratio of 0.67.
In other news, Director Kathy Dawn Patrick purchased 4,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average price of $20.45 per share, for a total transaction of $92,025.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter R. Huntsman acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $19.44 per share, with a total value of $194,400.00. The disclosure for this purchase can be found here.
Several institutional investors have recently bought and sold shares of the company. Zimmer Partners LP boosted its holdings in shares of Venator Materials by 104.7% in the fourth quarter. Zimmer Partners LP now owns 4,129,000 shares of the company’s stock valued at $91,333,000 after acquiring an additional 2,112,060 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Venator Materials by 47.5% in the fourth quarter. Jennison Associates LLC now owns 3,116,076 shares of the company’s stock valued at $68,928,000 after acquiring an additional 1,003,972 shares in the last quarter. Luminus Management LLC boosted its holdings in shares of Venator Materials by 192.9% in the fourth quarter. Luminus Management LLC now owns 2,203,174 shares of the company’s stock valued at $48,734,000 after acquiring an additional 1,450,910 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Venator Materials by 1.7% in the fourth quarter. Macquarie Group Ltd. now owns 1,838,451 shares of the company’s stock valued at $40,666,000 after acquiring an additional 31,333 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Venator Materials by 24.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,825,294 shares of the company’s stock worth $40,376,000 after buying an additional 363,550 shares in the last quarter. Institutional investors and hedge funds own 45.37% of the company’s stock.
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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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