Venator Materials PLC (VNTR) Expected to Announce Quarterly Sales of $470.62 Million

Wall Street analysts expect Venator Materials PLC (NYSE:VNTR) to report $470.62 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Venator Materials’ earnings, with the lowest sales estimate coming in at $461.30 million and the highest estimate coming in at $488.56 million. Venator Materials posted sales of $528.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 10.9%. The business is scheduled to report its next quarterly earnings report on Friday, February 22nd.

According to Zacks, analysts expect that Venator Materials will report full year sales of $2.27 billion for the current fiscal year, with estimates ranging from $2.24 billion to $2.30 billion. For the next financial year, analysts anticipate that the business will report sales of $2.23 billion, with estimates ranging from $2.11 billion to $2.38 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Venator Materials.

Venator Materials (NYSE:VNTR) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). Venator Materials had a negative net margin of 1.13% and a positive return on equity of 24.15%. The business had revenue of $533.00 million during the quarter, compared to the consensus estimate of $577.99 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year.

Several brokerages have issued reports on VNTR. Zacks Investment Research upgraded Venator Materials from a “sell” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group restated a “buy” rating on shares of Venator Materials in a research report on Sunday, November 4th. Deutsche Bank dropped their target price on Venator Materials from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. BMO Capital Markets dropped their target price on Venator Materials from $13.00 to $9.00 and set an “outperform” rating for the company in a research report on Wednesday, October 31st. Finally, Alembic Global Advisors set a $32.00 target price on Venator Materials and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.23.

In related news, Director Kathy Dawn Patrick acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The stock was acquired at an average price of $6.76 per share, for a total transaction of $135,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VNTR. Signition LP acquired a new position in Venator Materials in the third quarter valued at about $129,000. BlueMountain Capital Management LLC acquired a new position in Venator Materials in the third quarter valued at about $171,000. Creative Planning grew its stake in Venator Materials by 137.9% in the third quarter. Creative Planning now owns 33,300 shares of the company’s stock valued at $300,000 after acquiring an additional 19,300 shares during the period. Paloma Partners Management Co grew its stake in Venator Materials by 40.7% in the third quarter. Paloma Partners Management Co now owns 40,488 shares of the company’s stock valued at $365,000 after acquiring an additional 11,715 shares during the period. Finally, NJ State Employees Deferred Compensation Plan grew its stake in Venator Materials by 21.1% in the third quarter. NJ State Employees Deferred Compensation Plan now owns 46,000 shares of the company’s stock valued at $414,000 after acquiring an additional 8,000 shares during the period. Institutional investors and hedge funds own 41.45% of the company’s stock.

Shares of VNTR opened at $4.50 on Friday. The company has a quick ratio of 1.34, a current ratio of 2.27 and a debt-to-equity ratio of 0.76. Venator Materials has a 52-week low of $3.59 and a 52-week high of $24.31. The firm has a market capitalization of $478.80 million, a price-to-earnings ratio of 2.59, a price-to-earnings-growth ratio of 0.73 and a beta of 1.45.

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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