Analysts expect that Venator Materials PLC (NYSE:VNTR) will report sales of $470.62 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Venator Materials’ earnings. The highest sales estimate is $488.56 million and the lowest is $461.30 million. Venator Materials reported sales of $528.00 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.9%. The firm is scheduled to announce its next earnings report on Friday, February 22nd.

On average, analysts expect that Venator Materials will report full year sales of $2.27 billion for the current fiscal year, with estimates ranging from $2.24 billion to $2.30 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.23 billion, with estimates ranging from $2.11 billion to $2.38 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Venator Materials.

Venator Materials (NYSE:VNTR) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). Venator Materials had a negative net margin of 1.13% and a positive return on equity of 24.15%. The business had revenue of $533.00 million during the quarter, compared to analyst estimates of $577.99 million. During the same period last year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis.

Several analysts recently weighed in on VNTR shares. Zacks Investment Research upgraded shares of Venator Materials from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Deutsche Bank cut their price objective on shares of Venator Materials from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. BMO Capital Markets cut their price objective on shares of Venator Materials from $17.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 26th. Royal Bank of Canada downgraded shares of Venator Materials from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 13th. Finally, Morgan Stanley cut their price objective on shares of Venator Materials from $17.50 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.23.

In related news, Director Kathy Dawn Patrick purchased 20,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were bought at an average cost of $6.76 per share, for a total transaction of $135,200.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in VNTR. Signition LP bought a new stake in shares of Venator Materials during the 3rd quarter worth about $129,000. BlueMountain Capital Management LLC bought a new stake in shares of Venator Materials during the 3rd quarter worth about $171,000. Creative Planning raised its position in shares of Venator Materials by 137.9% during the 3rd quarter. Creative Planning now owns 33,300 shares of the company’s stock worth $300,000 after buying an additional 19,300 shares in the last quarter. Paloma Partners Management Co raised its holdings in shares of Venator Materials by 40.7% in the 3rd quarter. Paloma Partners Management Co now owns 40,488 shares of the company’s stock worth $365,000 after purchasing an additional 11,715 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan raised its holdings in shares of Venator Materials by 21.1% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 46,000 shares of the company’s stock worth $414,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors own 41.45% of the company’s stock.

Shares of NYSE VNTR traded down $0.22 during midday trading on Friday, hitting $5.13. The company’s stock had a trading volume of 1,140,600 shares, compared to its average volume of 946,612. Venator Materials has a 1-year low of $3.59 and a 1-year high of $24.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.34 and a current ratio of 2.27. The firm has a market capitalization of $536.26 million, a PE ratio of 2.95, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45.

About Venator Materials

Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.

Featured Article: Why do companies engage in swaps?

Get a free copy of the Zacks research report on Venator Materials (VNTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Venator Materials (NYSE:VNTR)

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