Venator Materials (NYSE:VNTR) issued its quarterly earnings data on Friday. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05), Bloomberg Earnings reports. The firm had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $539.36 million. The firm’s quarterly revenue was up 7.5% on a year-over-year basis.
Shares of Venator Materials (VNTR) traded down $1.57 during mid-day trading on Friday, reaching $19.55. 3,194,238 shares of the company’s stock were exchanged, compared to its average volume of 719,573. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.03. Venator Materials has a twelve month low of $17.85 and a twelve month high of $26.90.
In other Venator Materials news, major shareholder Corp Huntsman sold 1,948,955 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total value of $42,214,365.30. The sale was disclosed in a filing with the SEC, which is available through this link.
Several analysts have recently issued reports on VNTR shares. Morgan Stanley started coverage on shares of Venator Materials in a research report on Tuesday, January 30th. They set an “equal weight” rating and a $25.00 target price on the stock. Goldman Sachs Group lowered shares of Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research report on Wednesday, December 6th. Alembic Global Advisors reissued a “buy” rating and issued a $32.00 price objective on shares of Venator Materials in a research report on Monday, November 20th. Zacks Investment Research lowered shares of Venator Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Jefferies Group increased their price objective on shares of Venator Materials from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $27.31.
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About Venator Materials
Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.
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