Livent (NYSE:LTHM) announced its quarterly earnings results on Sunday. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01, MarketWatch Earnings reports. The firm had revenue of $91.70 million during the quarter, compared to analysts’ expectations of $79.78 million. Livent had a negative net margin of 4.96% and a positive return on equity of 0.59%. The company’s revenue for the quarter was up 33.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 earnings per share.
Shares of LTHM traded up $0.21 during mid-day trading on Tuesday, reaching $17.93. The company had a trading volume of 28,086 shares, compared to its average volume of 3,294,092. The company’s 50 day simple moving average is $17.64 and its 200 day simple moving average is $17.38. Livent has a 1-year low of $4.71 and a 1-year high of $23.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.78 and a current ratio of 3.24. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -196.89, a P/E/G ratio of 5.25 and a beta of 2.24.
LTHM has been the subject of a number of research reports. Raymond James cut shares of Livent from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $18.00 to $24.00 in a research note on Friday, January 8th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut shares of Livent from a “buy” rating to a “neutral” rating and raised their target price for the stock from $16.50 to $22.00 in a research note on Wednesday, January 6th. TheStreet cut shares of Livent from a “c-” rating to a “d+” rating in a research note on Friday, February 19th. Smith Barney Citigroup cut shares of Livent from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 6th. Finally, B. Riley initiated coverage on shares of Livent in a research note on Friday, March 5th. They set a “neutral” rating and a $19.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Livent presently has an average rating of “Hold” and an average target price of $17.91.
Livent Corporation manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. 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 butyllithium, which is used 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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