Livent (NYSE:LTHM) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $0.18-0.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.38. The company issued revenue guidance of $375-425 million, compared to the consensus revenue estimate of $464.99 million.Livent also updated its FY 2020
After-Hours guidance to 0.18-0.31 EPS.

Several analysts have recently weighed in on the stock. Vertical Research lowered shares of Livent from a hold rating to a sell rating in a research note on Friday. Credit Suisse Group downgraded shares of Livent from an outperform rating to a neutral rating and lifted their price target for the company from $9.00 to $11.00 in a research report on Tuesday, February 18th. Seaport Global Securities downgraded shares of Livent from a buy rating to a neutral rating in a research report on Tuesday, January 21st. TheStreet raised shares of Livent from a d+ rating to a c- rating in a research report on Tuesday, December 10th. Finally, Zacks Investment Research downgraded shares of Livent from a hold rating to a sell rating in a research report on Wednesday, January 8th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $10.32.

NYSE LTHM traded down $1.80 during mid-day trading on Friday, hitting $10.06. The company’s stock had a trading volume of 9,600,351 shares, compared to its average volume of 3,405,707. The company’s 50 day simple moving average is $9.44 and its 200 day simple moving average is $7.84. Livent has a twelve month low of $5.49 and a twelve month high of $14.16. The company has a current ratio of 2.82, a quick ratio of 1.99 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 7.73 and a beta of 2.23.

Livent (NYSE:LTHM) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Livent had a net margin of 12.93% and a return on equity of 11.64%. The business had revenue of $78.40 million during the quarter, compared to the consensus estimate of $76.61 million. During the same quarter last year, the firm posted $0.23 EPS. Livent’s revenue was down 34.6% compared to the same quarter last year. As a group, research analysts forecast that Livent will post 0.25 EPS for the current year.

Livent Company Profile

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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Earnings History and Estimates for Livent (NYSE:LTHM)

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