Livent (NYSE:LTHM) Releases FY19 Earnings Guidance

Livent (NYSE:LTHM) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.44-0.47 for the period, compared to the Thomson Reuters consensus 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.

LTHM stock opened at $7.98 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.85 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.19 billion and a price-to-earnings ratio of 8.77. Livent has a 12 month low of $5.49 and a 12 month high of $19.90. The firm has a 50 day moving average of $6.97 and a two-hundred day moving average of $7.24.

Livent (NYSE:LTHM) last posted its earnings results on Tuesday, November 5th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The business had revenue of $97.70 million during the quarter, compared to the consensus estimate of $112.75 million. Livent had a return on equity of 17.27% and a net margin of 17.75%. The business’s revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, research analysts expect that Livent will post 0.58 EPS for the current fiscal year.

Several analysts have commented on LTHM shares. Nomura set a $9.00 target price on shares of Livent and gave the stock a hold rating in a research report on Wednesday, August 7th. Bank of America downgraded shares of Livent from a neutral rating to an underperform rating and decreased their target price for the stock from $10.00 to $7.00 in a research report on Monday, August 12th. Seaport Global Securities reissued a buy rating on shares of Livent in a research report on Tuesday. Zacks Investment Research downgraded shares of Livent from a hold rating to a sell rating in a research report on Thursday, October 10th. Finally, Citigroup decreased their target price on shares of Livent from $8.25 to $7.50 and set a neutral rating for the company in a research report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Livent presently has an average rating of Hold and an average price target of $13.73.

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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Earnings History and Estimates for Livent (NYSE:LTHM)

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