Piper Sandler Equities Analysts Decrease Earnings Estimates for Livent Co. (NYSE:LTHM)

Livent Co. (NYSE:LTHM) – Research analysts at Piper Sandler reduced their FY2021 earnings per share (EPS) estimates for shares of Livent in a report released on Tuesday, January 11th. Piper Sandler analyst G. Tuttle now forecasts that the company will post earnings per share of $0.14 for the year, down from their prior estimate of $0.16. Piper Sandler also issued estimates for Livent’s Q4 2021 earnings at $0.04 EPS, Q1 2023 earnings at $0.28 EPS, Q2 2023 earnings at $0.27 EPS and FY2023 earnings at $0.97 EPS.

Livent (NYSE:LTHM) last released its quarterly earnings results on Thursday, November 4th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). Livent had a positive return on equity of 2.22% and a negative net margin of 3.13%. The company had revenue of $103.60 million during the quarter, compared to analysts’ expectations of $96.00 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The firm’s revenue was up 42.7% compared to the same quarter last year.

A number of other analysts also recently weighed in on LTHM. Raymond James raised their price target on shares of Livent from $26.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, November 5th. Loop Capital raised their price objective on Livent from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 4th. The Goldman Sachs Group cut Livent from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $22.00 to $23.00 in a research note on Wednesday, December 15th. Vertical Research upgraded Livent from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, January 4th. Finally, TheStreet upgraded Livent from a “d+” rating to a “c” rating in a research note on Monday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $26.64.

Shares of NYSE:LTHM opened at $24.58 on Thursday. The company has a quick ratio of 3.63, a current ratio of 4.87 and a debt-to-equity ratio of 0.31. Livent has a 52-week low of $14.73 and a 52-week high of $33.04. The company has a 50 day moving average of $27.17 and a two-hundred day moving average of $24.66. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of -273.11, a price-to-earnings-growth ratio of 1.26 and a beta of 2.10.

Several hedge funds and other institutional investors have recently modified their holdings of LTHM. Advisory Services Network LLC bought a new stake in shares of Livent during the second quarter valued at about $26,000. Berman Capital Advisors LLC raised its stake in shares of Livent by 64.8% during the third quarter. Berman Capital Advisors LLC now owns 1,267 shares of the company’s stock valued at $29,000 after purchasing an additional 498 shares in the last quarter. IFP Advisors Inc grew its holdings in Livent by 75.0% during the fourth quarter. IFP Advisors Inc now owns 1,750 shares of the company’s stock worth $42,000 after acquiring an additional 750 shares during the period. Spire Wealth Management grew its holdings in Livent by 47.4% during the fourth quarter. Spire Wealth Management now owns 2,147 shares of the company’s stock worth $52,000 after acquiring an additional 690 shares during the period. Finally, Marshall Wace LLP acquired a new position in Livent during the first quarter worth about $52,000. Institutional investors and hedge funds own 94.06% of the company’s stock.

Livent Company Profile

Livent Corp. engages in the production of performance lithium compounds. Its products include battery-grade lithium hydroxide, butyllithium, and purity lithium metal which are used in various performance applications. It operates through the following geographical segments: North America; Europe, Middle East, and Africa; Latin America; and Asia Pacific.

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Earnings History and Estimates for Livent (NYSE:LTHM)

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