Arcadium Lithium (NYSE:ALTM) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Arcadium Lithium (NYSE:ALTM) posted its earnings results on Tuesday. The company reported 0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of 0.03 by 0.03, reports. The company had revenue of 261.20 million during the quarter, compared to analysts’ expectations of 269.60 million.

Arcadium Lithium Trading Down 3.2 %

Shares of NYSE ALTM traded down 0.15 during midday trading on Friday, reaching 4.61. 1,322,515 shares of the company traded hands, compared to its average volume of 13,917,783. Arcadium Lithium has a 52 week low of 3.67 and a 52 week high of 29.17. The firm has a market capitalization of $4.95 billion, a P/E ratio of 3.01 and a beta of 1.81. The stock’s 50-day moving average is 4.43.

Wall Street Analysts Forecast Growth

Separately, KeyCorp cut their price objective on Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th.

Arcadium Lithium Company Profile

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.