Zacks: Analysts Expect Venator Materials PLC (NYSE:VNTR) Will Post Quarterly Sales of $557.68 Million

Brokerages expect Venator Materials PLC (NYSE:VNTR) to announce $557.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Venator Materials’ earnings. The lowest sales estimate is $543.82 million and the highest is $571.54 million. Venator Materials reported sales of $456.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 22.3%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, August 3rd.

On average, analysts expect that Venator Materials will report full year sales of $2.12 billion for the current fiscal year, with estimates ranging from $2.06 billion to $2.24 billion. For the next fiscal year, analysts expect that the company will report sales of $2.27 billion, with estimates ranging from $2.20 billion to $2.39 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Venator Materials.

Venator Materials (NYSE:VNTR) last released its quarterly earnings data on Thursday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). Venator Materials had a negative return on equity of 5.18% and a negative net margin of 7.15%. The firm had revenue of $553.00 million during the quarter, compared to the consensus estimate of $564.70 million.

A number of research firms recently issued reports on VNTR. Craig Hallum restated a “buy” rating and set a $14.00 price objective on shares of Venator Materials in a report on Tuesday, June 29th. Morgan Stanley upped their target price on Venator Materials from $3.75 to $4.50 and gave the stock an “equal weight” rating in a report on Monday, May 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $5.50 target price on shares of Venator Materials in a report on Monday, June 14th. Finally, Zacks Investment Research cut Venator Materials from a “hold” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Venator Materials has a consensus rating of “Hold” and an average price target of $5.27.

VNTR traded down $0.01 during trading hours on Friday, reaching $3.30. 6,340 shares of the company’s stock traded hands, compared to its average volume of 359,807. The company’s 50-day moving average price is $4.53. Venator Materials has a 52-week low of $1.63 and a 52-week high of $5.85. The company has a debt-to-equity ratio of 1.59, a current ratio of 2.53 and a quick ratio of 1.48. The firm has a market capitalization of $351.65 million, a price-to-earnings ratio of -2.53 and a beta of 1.90.

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of Venator Materials by 159.2% in the first quarter. Russell Investments Group Ltd. now owns 4,986,013 shares of the company’s stock worth $23,083,000 after buying an additional 3,062,334 shares during the last quarter. Norges Bank purchased a new position in Venator Materials during the fourth quarter worth approximately $8,275,000. Foundry Partners LLC purchased a new position in Venator Materials during the first quarter worth approximately $3,680,000. General American Investors Co. Inc. purchased a new position in Venator Materials during the fourth quarter worth approximately $2,562,000. Finally, Monarch Partners Asset Management LLC boosted its position in Venator Materials by 156.3% during the first quarter. Monarch Partners Asset Management LLC now owns 1,237,630 shares of the company’s stock worth $5,730,000 after purchasing an additional 754,832 shares in the last quarter. 28.20% of the stock is currently owned by institutional investors and hedge funds.

About Venator Materials

Venator Materials PLC, together with its subsidiaries, 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 ultrafine TiO2 products for use in coatings, printing inks, PVC window frames, plastic masterbatches, cosmetics, pharmaceuticals, polyester fibers, polyamide fibers, catalysts, paper, and food and personal care products.

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Earnings History and Estimates for Venator Materials (NYSE:VNTR)

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