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.
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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.
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