$701.06 Million in Sales Expected for Venator Materials (VNTR) This Quarter

Wall Street brokerages expect Venator Materials (NYSE:VNTR) to post $701.06 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Venator Materials’ earnings. The highest sales estimate is $745.00 million and the lowest is $677.26 million. The firm is expected to report its next earnings results on Friday, May 25th.

On average, analysts expect that Venator Materials will report full year sales of $701.06 million for the current financial year, with estimates ranging from $2.36 billion to $2.83 billion. For the next financial year, analysts anticipate that the business will post sales of $2.72 billion per share, with estimates ranging from $2.46 billion to $2.83 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Venator Materials.

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Venator Materials (NYSE:VNTR) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). The business had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $539.36 million. Venator Materials’s revenue for the quarter was up 7.5% compared to the same quarter last year.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Venator Materials from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, February 28th. Morgan Stanley assumed coverage on Venator Materials in a research note on Tuesday, January 30th. They set an “equal weight” rating and a $25.00 price target for the company. Barclays reaffirmed an “equal weight” rating and set a $25.00 price target (down from $27.00) on shares of Venator Materials in a research note on Monday, February 26th. Finally, BMO Capital Markets assumed coverage on Venator Materials in a research note on Tuesday, March 27th. They set an “outperform” rating and a $28.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $27.24.

NYSE VNTR traded down $0.03 on Friday, reaching $17.60. 579,894 shares of the stock traded hands, compared to its average volume of 799,671. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.08 and a current ratio of 1.77. The firm has a market cap of $1,857.74 and a P/E ratio of 10.11. Venator Materials has a 12 month low of $17.07 and a 12 month high of $26.90.

In related news, Director Peter R. Huntsman acquired 10,000 shares of Venator Materials stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $19.44 per share, with a total value of $194,400.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kathy Dawn Patrick acquired 4,500 shares of Venator Materials stock in a transaction dated Monday, February 26th. The shares were bought at an average cost of $20.45 per share, with a total value of $92,025.00. The disclosure for this purchase can be found here.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zimmer Partners LP lifted 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 purchasing an additional 2,112,060 shares in the last quarter. Jennison Associates LLC lifted 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 purchasing an additional 1,003,972 shares in the last quarter. Luminus Management LLC lifted 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 purchasing an additional 1,450,910 shares in the last quarter. Macquarie Group Ltd. lifted 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 purchasing an additional 31,333 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Venator Materials by 24.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,825,294 shares of the company’s stock valued at $40,376,000 after purchasing an additional 363,550 shares in the last quarter. Institutional investors 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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