Venator Materials (NYSE:VNTR) Releases Earnings Results, Beats Estimates By $0.03 EPS

Venator Materials (NYSE:VNTR) posted its earnings results on Thursday, May 9th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03, Fidelity Earnings reports. The company had revenue of $562.00 million during the quarter, compared to analyst estimates of $561.44 million. Venator Materials had a positive return on equity of 15.64% and a negative net margin of 11.07%. Venator Materials’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share.

NYSE:VNTR opened at $4.35 on Friday. Venator Materials has a 52 week low of $3.59 and a 52 week high of $18.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 2.18. The stock has a market cap of $473.48 million, a PE ratio of 3.01, a price-to-earnings-growth ratio of 0.70 and a beta of 1.96.

In other Venator Materials news, Director Kathy Dawn Patrick bought 10,500 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were purchased at an average cost of $4.47 per share, for a total transaction of $46,935.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. M&T Bank Corp acquired a new stake in Venator Materials in the 4th quarter worth about $47,000. Ellington Management Group LLC purchased a new position in Venator Materials in the 1st quarter worth approximately $124,000. Legal & General Group Plc raised its position in shares of Venator Materials by 229.2% during the 4th quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock valued at $146,000 after buying an additional 24,339 shares during the period. Caption Management LLC purchased a new stake in shares of Venator Materials during the 4th quarter valued at approximately $184,000. Finally, Bank of New York Mellon Corp raised its position in shares of Venator Materials by 22.8% during the 4th quarter. Bank of New York Mellon Corp now owns 44,887 shares of the company’s stock valued at $188,000 after buying an additional 8,322 shares during the period. Institutional investors own 44.08% of the company’s stock.

A number of analysts have weighed in on the company. Royal Bank of Canada upgraded Venator Materials from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $7.00 to $9.00 in a report on Thursday, April 18th. Zacks Investment Research upgraded Venator Materials from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Citigroup reiterated a “buy” rating and set a $7.50 price objective on shares of Venator Materials in a report on Friday, February 22nd. UBS Group upgraded Venator Materials from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Wednesday, February 6th. Finally, ValuEngine upgraded Venator Materials from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. 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 company’s stock. The company presently has an average rating of “Buy” and an average target price of $15.41.

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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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Earnings History for Venator Materials (NYSE:VNTR)

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