Zacks: Analysts Anticipate Livent Corporation (NYSE:LTHM) to Post $0.02 Earnings Per Share

Wall Street brokerages expect Livent Corporation (NYSE:LTHM) to post earnings per share of $0.02 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Livent’s earnings, with estimates ranging from $0.01 to $0.03. Livent posted earnings per share of $0.12 in the same quarter last year, which indicates a negative year over year growth rate of 83.3%. The business is expected to issue its next quarterly earnings report on Tuesday, August 4th.

According to Zacks, analysts expect that Livent will report full year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.20. For the next financial year, analysts forecast that the business will report earnings of $0.26 per share, with EPS estimates ranging from $0.21 to $0.35. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Livent.

Livent (NYSE:LTHM) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $68.50 million for the quarter, compared to analyst estimates of $91.77 million. Livent had a net margin of 8.76% and a return on equity of 8.52%. The company’s quarterly revenue was down 30.3% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share.

LTHM has been the topic of a number of recent research reports. Credit Suisse Group reduced their price target on shares of Livent from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Goldman Sachs Group cut shares of Livent from a “buy” rating to a “neutral” rating and reduced their price target for the company from $9.50 to $5.00 in a research report on Monday, March 30th. Zacks Investment Research upgraded shares of Livent from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. ValuEngine lowered shares of Livent from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Citigroup dropped their price objective on shares of Livent from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.42.

Several large investors have recently modified their holdings of LTHM. Islay Capital Management LLC bought a new stake in shares of Livent in the fourth quarter worth $27,000. NewSquare Capital LLC bought a new stake in Livent during the first quarter valued at $32,000. Veritas Investment Management LLP bought a new stake in Livent during the first quarter valued at $46,000. Chevy Chase Trust Holdings Inc. bought a new stake in Livent during the fourth quarter valued at $50,000. Finally, Marshall Wace LLP bought a new stake in Livent during the first quarter valued at $52,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

LTHM stock traded up $0.04 during midday trading on Friday, reaching $6.74. 1,361,835 shares of the company’s stock traded hands, compared to its average volume of 1,804,143. The company has a market capitalization of $985.23 million, a P/E ratio of 30.64, a PEG ratio of 5.27 and a beta of 2.06. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 1.51. Livent has a fifty-two week low of $3.95 and a fifty-two week high of $12.29. The business has a 50-day moving average price of $5.93 and a two-hundred day moving average price of $7.63.

About Livent

Livent Corporation manufactures and sells performance lithium compounds that are used primarily in energy storage, specialty polymers, and chemical synthesis application. 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 supplies butyllithium, which is used as a synthesizer 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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