Livent (NYSE:LTHM) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.44-0.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.58. The company issued revenue guidance of $400-410 million, compared to the consensus revenue estimate of $452.16 million.Livent also updated its Q4 guidance to $0.08-0.11 EPS.
A number of brokerages have recently weighed in on LTHM. ValuEngine raised shares of Livent from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Seaport Global Securities reaffirmed a buy rating on shares of Livent in a research note on Tuesday. Bank of America lowered shares of Livent from a neutral rating to an underperform rating and reduced their price target for the stock from $10.00 to $7.00 in a research note on Monday, August 12th. Citigroup reduced their price target on shares of Livent from $8.25 to $7.50 and set a neutral rating for the company in a research note on Wednesday, October 9th. Finally, Zacks Investment Research lowered shares of Livent from a hold rating to a sell rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $13.73.
Shares of NYSE:LTHM opened at $7.98 on Friday. The company has a 50 day moving average of $6.97 and a 200-day moving average of $7.24. The firm has a market cap of $1.19 billion and a P/E ratio of 8.77. Livent has a twelve month low of $5.49 and a twelve month high of $19.90. The company has a current ratio of 2.85, a quick ratio of 2.11 and a debt-to-equity ratio of 0.14.
Livent (NYSE:LTHM) last released its earnings results on Tuesday, November 5th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Livent had a return on equity of 17.27% and a net margin of 17.75%. The business had revenue of $97.70 million during the quarter, compared to the consensus estimate of $112.75 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The firm’s revenue for the quarter was down 12.8% compared to the same quarter last year. Equities research analysts forecast that Livent will post 0.58 EPS for the current year.
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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