$522.04 Million in Sales Expected for Venator Materials PLC (VNTR) This Quarter

Equities analysts expect Venator Materials PLC (NYSE:VNTR) to report $522.04 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Venator Materials’ earnings. The lowest sales estimate is $509.17 million and the highest is $530.00 million. The company is expected to issue its next quarterly earnings report before the market opens on Friday, February 23rd.

On average, analysts expect that Venator Materials will report full-year sales of $522.04 million for the current year, with estimates ranging from $2.19 billion to $2.27 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.63 billion per share, with estimates ranging from $2.52 billion to $2.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Venator Materials.

VNTR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Venator Materials from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Thursday, October 26th. Bank of America boosted their price target on shares of Venator Materials from $23.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Goldman Sachs Group lowered shares of Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a report on Wednesday, December 6th. Royal Bank of Canada restated a “buy” rating and issued a $28.00 price target on shares of Venator Materials in a report on Wednesday, October 18th. Finally, SunTrust Banks boosted their price target on shares of Venator Materials from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $27.31.

In related news, major shareholder Corp Huntsman sold 1,948,955 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total transaction of $42,214,365.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new position in Venator Materials during the 3rd quarter valued at approximately $103,000. QS Investors LLC acquired a new position in Venator Materials during the 4th quarter valued at approximately $110,000. Wells Fargo & Company MN increased its stake in Venator Materials by 81,257.1% during the 4th quarter. Wells Fargo & Company MN now owns 5,695 shares of the company’s stock valued at $126,000 after purchasing an additional 5,688 shares in the last quarter. Deutsche Bank AG increased its stake in Venator Materials by 9,700.0% during the 4th quarter. Deutsche Bank AG now owns 9,800 shares of the company’s stock valued at $216,000 after purchasing an additional 9,700 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Venator Materials during the 4th quarter valued at approximately $248,000. Institutional investors and hedge funds own 25.25% of the company’s stock.

Venator Materials (NYSE VNTR) traded up $0.51 during trading hours on Friday, hitting $21.86. 307,693 shares of the stock traded hands, compared to its average volume of 888,351. Venator Materials has a twelve month low of $17.85 and a twelve month high of $26.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.03. The company has a market cap of $2,320.00 and a price-to-earnings ratio of 39.75.

ILLEGAL ACTIVITY WARNING: “$522.04 Million in Sales Expected for Venator Materials PLC (VNTR) This Quarter” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2018/02/15/522-04-million-in-sales-expected-for-venator-materials-plc-vntr-this-quarter.html.

Venator Materials Company Profile

Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.

Get a free copy of the Zacks research report on Venator Materials (VNTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Venator Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venator Materials and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply