Jefferies Financial Group Weighs in on Venator Materials PLC’s Q3 2021 Earnings (NYSE:VNTR)

Venator Materials PLC (NYSE:VNTR) – Analysts at Jefferies Financial Group dropped their Q3 2021 earnings per share (EPS) estimates for shares of Venator Materials in a research note issued to investors on Thursday, June 10th. Jefferies Financial Group analyst L. Alexander now expects that the company will earn $0.02 per share for the quarter, down from their previous forecast of $0.03. Jefferies Financial Group also issued estimates for Venator Materials’ FY2022 earnings at $0.25 EPS and FY2023 earnings at $0.45 EPS.

A number of other brokerages have also recently weighed in on VNTR. Morgan Stanley upped their price objective 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Venator Materials from $3.00 to $5.50 and gave the stock a “buy” rating in a report on Thursday, February 25th. Finally, Zacks Investment Research upgraded shares of Venator Materials from a “sell” rating to a “hold” rating in a report on Wednesday, May 12th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $3.52.

Shares of VNTR opened at $4.84 on Friday. The stock has a market capitalization of $515.75 million, a PE ratio of -3.69 and a beta of 1.91. The company has a current ratio of 2.53, a quick ratio of 1.48 and a debt-to-equity ratio of 1.59. Venator Materials has a fifty-two week low of $1.52 and a fifty-two week high of $5.49. The business has a 50-day simple moving average of $4.75.

Venator Materials (NYSE:VNTR) last announced its quarterly earnings results on Thursday, May 6th. The company reported $0.01 earnings per share (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%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in shares of Venator Materials by 159.2% in the first quarter. Russell Investments Group Ltd. now owns 4,986,013 shares of the company’s stock worth $23,083,000 after buying an additional 3,062,334 shares in the last quarter. Norges Bank bought a new position in shares of Venator Materials in the fourth quarter worth approximately $8,275,000. Dimensional Fund Advisors LP lifted its stake in shares of Venator Materials by 11.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,312,043 shares of the company’s stock worth $6,075,000 after buying an additional 137,236 shares in the last quarter. Monarch Partners Asset Management LLC lifted its stake in shares of Venator Materials by 156.3% in the first quarter. Monarch Partners Asset Management LLC now owns 1,237,630 shares of the company’s stock worth $5,730,000 after buying an additional 754,832 shares in the last quarter. Finally, Foundry Partners LLC bought a new position in shares of Venator Materials in the first quarter worth approximately $3,680,000. Hedge funds and other institutional investors own 28.24% of the company’s stock.

Venator Materials Company Profile

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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