Livent (NYSE:LTHM) issued its quarterly earnings data on Sunday. The company reported $0.02 EPS for the quarter, beating the consensus estimate 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 company had revenue of $91.70 million for the quarter, compared to analyst estimates of $79.78 million. During the same period last year, the company earned $0.02 earnings per share. Livent’s quarterly revenue was up 33.9% compared to the same quarter last year.
LTHM traded up $0.36 during trading hours on Tuesday, hitting $18.08. The company’s stock had a trading volume of 2,222,575 shares, compared to its average volume of 3,282,244. The firm has a market capitalization of $2.65 billion, a PE ratio of -200.89, a PEG ratio of 5.25 and a beta of 2.24. The company has a 50-day simple moving average of $17.64 and a 200 day simple moving average of $17.38. Livent has a fifty-two week low of $4.71 and a fifty-two week high of $23.99. The company has a current ratio of 3.24, a quick ratio of 1.78 and a debt-to-equity ratio of 0.40.
Several analysts recently issued reports on LTHM shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut shares of Livent from a “buy” rating to a “neutral” rating and upped their price objective for the company from $16.50 to $22.00 in a research note on Wednesday, January 6th. Raymond James cut shares of Livent from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $18.00 to $24.00 in a research report on Friday, January 8th. Cowen started coverage on Livent in a research note on Tuesday, March 16th. They set a “market perform” rating and a $19.00 target price on the stock. Evercore ISI upgraded shares of Livent from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $20.00 to $22.00 in a research note on Monday, April 26th. Finally, B. Riley initiated coverage on shares of Livent in a report on Friday, March 5th. They issued a “neutral” rating and a $19.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Livent has a consensus rating of “Hold” and a consensus price target 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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