FY2017 EPS Estimates for Venator Materials PLC (VNTR) Raised by Analyst

Venator Materials PLC (NASDAQ:VNTR) – SunTrust Banks raised their FY2017 earnings per share (EPS) estimates for Venator Materials PLC in a research note issued to investors on Monday. SunTrust Banks analyst J. Sheehan now anticipates that the company will post earnings per share of $1.74 for the year, up from their prior forecast of $1.73. SunTrust Banks has a “Buy” rating and a $29.00 price objective on the stock.

Other analysts have also issued reports about the company. Citigroup Inc. lifted their price target on Venator Materials PLC from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday. J P Morgan Chase & Co started coverage on Venator Materials PLC in a report on Monday, August 28th. They set an “overweight” rating and a $23.00 price target on the stock. Nomura started coverage on Venator Materials PLC in a report on Monday, August 28th. They set a “buy” rating and a $24.00 price target on the stock. Royal Bank Of Canada started coverage on Venator Materials PLC in a report on Monday, August 28th. They set an “outperform” rating and a $23.00 price target on the stock. Finally, Bank of America Corporation lifted their price target on Venator Materials PLC from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $26.71.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and reposted in violation of United States & international trademark and copyright legislation. The original version of this story can be accessed at https://sportsperspectives.com/2017/11/02/fy2017-eps-estimates-for-venator-materials-plc-vntr-raised-by-analyst.html.

Venator Materials PLC (NASDAQ:VNTR) last posted its earnings results on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.25. The business had revenue of $582.00 million for the quarter, compared to analyst estimates of $568.31 million. Venator Materials PLC had a return on equity of 18.31% and a net margin of 6.05%. Venator Materials PLC’s revenue was up 9.4% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently made changes to their positions in VNTR. Victory Capital Management Inc. purchased a new position in shares of Venator Materials PLC in the third quarter valued at $33,036,000. State of Wisconsin Investment Board purchased a new position in shares of Venator Materials PLC in the third quarter valued at $4,023,000. Finally, First Trust Advisors LP purchased a new position in shares of Venator Materials PLC in the third quarter valued at $1,863,000.

In other news, major shareholder Corp Huntsman sold 26,105,000 shares of Venator Materials PLC stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.85, for a total value of $492,079,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

About Venator Materials PLC

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.

Earnings History and Estimates for Venator Materials PLC (NASDAQ:VNTR)

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

Latest News

Leave a Reply