Venator Materials PLC (NYSE:VNTR) Expected to Announce Quarterly Sales of $557.68 Million

Wall Street brokerages forecast that Venator Materials PLC (NYSE:VNTR) will post sales of $557.68 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Venator Materials’ earnings, with the highest sales estimate coming in at $571.54 million and the lowest estimate coming in at $543.82 million. Venator Materials posted sales of $456.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 22.3%. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, August 3rd.

According to Zacks, analysts expect that Venator Materials will report full year sales of $2.12 billion for the current year, with estimates ranging from $2.06 billion to $2.24 billion. For the next year, analysts anticipate that the company will post sales of $2.27 billion, with estimates ranging from $2.20 billion to $2.39 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Venator Materials.

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

A number of analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Venator Materials from $3.75 to $4.50 and gave the stock an “equal weight” rating in a report on Monday, May 10th. Craig Hallum reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Venator Materials in a research note on Tuesday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $5.50 price objective on shares of Venator Materials in a research note on Monday, June 14th. Finally, Zacks Investment Research lowered shares of Venator Materials from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.27.

NYSE:VNTR traded down $0.01 during trading hours on Friday, reaching $3.30. 6,340 shares of the company’s stock were exchanged, compared to its average volume of 359,807. The stock has a market cap of $351.65 million, a P/E ratio of -2.53 and a beta of 1.90. Venator Materials has a 12 month low of $1.63 and a 12 month 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 stock has a 50-day moving average price of $4.53.

Several large investors have recently modified their holdings of VNTR. Quantitative Systematic Strategies LLC raised its holdings in shares of Venator Materials by 3.8% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 88,408 shares of the company’s stock valued at $409,000 after purchasing an additional 3,216 shares in the last quarter. Northern Trust Corp raised its holdings in Venator Materials by 7.3% in the 1st quarter. Northern Trust Corp now owns 107,777 shares of the company’s stock worth $499,000 after acquiring an additional 7,357 shares during the period. Dorsey Wright & Associates bought a new position in Venator Materials in the 1st quarter worth $37,000. XTX Topco Ltd bought a new position in Venator Materials in the 1st quarter worth $69,000. Finally, Squarepoint Ops LLC raised its holdings in Venator Materials by 11.6% in the 4th quarter. Squarepoint Ops LLC now owns 184,063 shares of the company’s stock worth $609,000 after acquiring an additional 19,148 shares during the period. 28.20% of the stock is owned by institutional investors.

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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