Venator Materials PLC (NYSE:VNTR) – Equities researchers at SunTrust Banks issued their Q1 2018 EPS estimates for Venator Materials in a research note issued to investors on Monday. SunTrust Banks analyst J. Sheehan forecasts that the company will earn $0.78 per share for the quarter. SunTrust Banks also issued estimates for Venator Materials’ Q2 2018 earnings at $0.77 EPS and Q4 2018 earnings at $0.54 EPS.
Other equities analysts have also issued research reports about the company. Jefferies Group lifted their target price on Venator Materials from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Bank of America lifted their target price on Venator Materials from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Citigroup lifted their target price on Venator Materials from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Alembic Global Advisors reiterated a “buy” rating and issued a $32.00 target price on shares of Venator Materials in a research note on Monday, November 20th. Finally, Barclays reiterated an “equal weight” rating and issued a $25.00 target price (down previously from $27.00) on shares of Venator Materials in a research note on Monday. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $27.50.
Venator Materials (NYSE:VNTR) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). The firm had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $539.36 million. The business’s revenue for the quarter was up 7.5% on a year-over-year basis.
Several hedge funds have recently modified their holdings of the company. Zimmer Partners LP grew its stake in shares of Venator Materials by 104.7% during the fourth quarter. Zimmer Partners LP now owns 4,129,000 shares of the company’s stock worth $91,333,000 after acquiring an additional 2,112,060 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Venator Materials by 47.5% during the fourth quarter. Jennison Associates LLC now owns 3,116,076 shares of the company’s stock worth $68,928,000 after acquiring an additional 1,003,972 shares during the last quarter. Luminus Management LLC grew its stake in shares of Venator Materials by 192.9% during the fourth quarter. Luminus Management LLC now owns 2,203,174 shares of the company’s stock worth $48,734,000 after acquiring an additional 1,450,910 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Venator Materials by 1.7% during the fourth quarter. Macquarie Group Ltd. now owns 1,838,451 shares of the company’s stock worth $40,666,000 after acquiring an additional 31,333 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of 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 acquiring an additional 363,550 shares during the last quarter. Institutional investors and hedge funds own 27.84% of the company’s stock.
In other news, major shareholder Corp Huntsman sold 1,948,955 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $21.66, for a total transaction of $42,214,365.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
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Venator Materials Company Profile
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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