Venator Materials (NYSE:VNTR) Announces Earnings Results

Venator Materials (NYSE:VNTR – Get Rating) issued its earnings results on Wednesday. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01, MarketWatch Earnings reports. Venator Materials had a negative return on equity of 0.18% and a negative net margin of 3.48%. During the same period last year, the business posted $0.01 earnings per share.

Shares of Venator Materials stock traded down $0.07 during trading hours on Friday, reaching $1.98. 175,121 shares of the stock traded hands, compared to its average volume of 358,910. The company has a 50 day moving average price of $1.89 and a 200 day moving average price of $2.39. Venator Materials has a one year low of $1.13 and a one year high of $5.85. The company has a current ratio of 2.12, a quick ratio of 1.19 and a debt-to-equity ratio of 1.67.

Several institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Venator Materials during the 4th quarter valued at about $4,096,000. Virtu Financial LLC bought a new position in shares of Venator Materials during the 4th quarter valued at approximately $49,000. Susquehanna International Group LLP grew its stake in shares of Venator Materials by 755.2% during the 4th quarter. Susquehanna International Group LLP now owns 58,743 shares of the company’s stock valued at $149,000 after acquiring an additional 51,874 shares during the period. Millennium Management LLC grew its stake in shares of Venator Materials by 47.9% during the 4th quarter. Millennium Management LLC now owns 633,370 shares of the company’s stock valued at $1,609,000 after acquiring an additional 205,023 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Venator Materials by 3.3% during the 3rd quarter. Invesco Ltd. now owns 157,849 shares of the company’s stock valued at $450,000 after acquiring an additional 5,105 shares during the period.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Venator Materials from a “hold” rating to a “sell” rating in a research report on Friday, January 7th. Bank of America lowered Venator Materials from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $2.50 to $2.00 in a research report on Tuesday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Venator Materials from $4.50 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.03.

About Venator Materials (Get Rating)

Venator Materials PLC, together with its subsidiaries, manufactures and markets chemical products worldwide. It operates through Titanium Dioxide and Performance Additives segments. 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, food, polyester and polyamide fibers, catalysts, and cosmetics products.

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