Livent (NYSE:LTHM) posted its quarterly earnings results on Sunday. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01, MarketWatch Earnings reports. Livent had a positive return on equity of 0.59% and a negative net margin of 4.96%. The business had revenue of $91.70 million during the quarter, compared to analysts’ expectations of $79.78 million. During the same quarter last year, the company posted $0.02 earnings per share. Livent’s quarterly revenue was up 33.9% on a year-over-year basis.
Shares of NYSE LTHM traded up $0.36 during midday trading on Tuesday, reaching $18.08. The company’s stock had a trading volume of 2,242,304 shares, compared to its average volume of 3,281,608. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.78 and a current ratio of 3.24. Livent has a fifty-two week low of $4.71 and a fifty-two week high of $23.99. The business’s 50 day moving average price is $17.64 and its two-hundred day moving average price is $17.38. The company has a market cap of $2.65 billion, a P/E ratio of -202.22, a P/E/G ratio of 5.25 and a beta of 2.24.
A number of equities analysts recently commented on LTHM shares. Zacks Investment Research cut Livent from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut Livent from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $16.50 to $22.00 in a report on Wednesday, January 6th. B. Riley assumed coverage on Livent in a report on Friday, March 5th. They set a “neutral” rating and a $19.00 price objective for the company. Evercore ISI upgraded Livent from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $20.00 to $22.00 in a report on Monday, April 26th. Finally, Argus upgraded Livent from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Monday, February 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.91.
Livent Corporation manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and butyllithium, which is used in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in the production of lightweight materials for aerospace applications and non-rechargeable batteries.
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