Wall Street analysts expect that Venator Materials PLC (NYSE:VNTR) will announce sales of $546.31 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Venator Materials’ earnings, with estimates ranging from $539.36 million to $553.26 million. Venator Materials posted sales of $474.00 million in the same quarter last year, which suggests a positive year over year growth rate of 15.3%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 4th.
According to Zacks, analysts expect that Venator Materials will report full year sales of $2.19 billion for the current financial year, with estimates ranging from $2.17 billion to $2.22 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.34 billion, with estimates ranging from $2.30 billion to $2.41 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Venator Materials.
Several equities research analysts have weighed in on the stock. Bank of America downgraded shares of Venator Materials from a “buy” rating to a “neutral” rating and set a $3.50 price target for the company. in a research note on Thursday, August 5th. Zacks Investment Research downgraded shares of Venator Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, August 11th. Craig Hallum reissued a “buy” rating and set a $14.00 target price on shares of Venator Materials in a research report on Tuesday, June 29th. Citigroup decreased their target price on shares of Venator Materials from $4.50 to $3.70 and set a “neutral” rating for the company in a research report on Wednesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Venator Materials from $5.50 to $4.50 and set a “buy” rating for the company in a research report on Monday, August 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Venator Materials currently has a consensus rating of “Hold” and a consensus price target of $4.88.
Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in Venator Materials by 967.8% during the second quarter. Royal Bank of Canada now owns 8,137 shares of the company’s stock worth $38,000 after purchasing an additional 7,375 shares during the last quarter. Balyasny Asset Management LLC purchased a new position in Venator Materials in the second quarter valued at about $48,000. XTX Topco Ltd purchased a new position in Venator Materials in the first quarter valued at about $69,000. Venture Visionary Partners LLC purchased a new position in Venator Materials in the second quarter valued at about $104,000. Finally, Pinz Capital Management LP purchased a new position in Venator Materials in the second quarter valued at about $124,000. Institutional investors and hedge funds own 28.79% of the company’s stock.
About Venator Materials
Venator Materials Plc engages in the manufacture and marketing of chemical products. The firm focuses on development and manufacture of titanium dioxide pigments and performance additives. It operates through two segments: Titanium Dioxide and Performance Additives. The Titanium Dioxide segment involves the creation of (TiO2) from titanium bearing ores and is a white inert pigment that provides whiteness, opacity and brightness to thousands of everyday items, including coatings, plastics, paper, printing inks, fibers, food and personal care products.
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