Livent (LTHM) Releases FY 2019 Earnings Guidance

Livent (NASDAQ:LTHM) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.92-0.98 for the period, compared to the Thomson Reuters consensus estimate of $1.04. The company issued revenue guidance of $495-525 million, compared to the consensus revenue estimate of $507.27 million.Livent also updated its Q1 2019 guidance to $0.11-0.14 EPS.

Several equities analysts recently commented on the stock. Buckingham Research assumed coverage on shares of Livent in a research note on Wednesday, November 14th. They issued a neutral rating and a $18.00 price target on the stock. They noted that the move was a valuation call. Credit Suisse Group assumed coverage on shares of Livent in a research note on Monday, November 5th. They issued an outperform rating and a $20.00 price target on the stock. Goldman Sachs Group assumed coverage on shares of Livent in a research note on Monday, November 5th. They issued a buy rating and a $22.00 price target on the stock. Nomura downgraded shares of Livent from a buy rating to a neutral rating in a research note on Tuesday, January 15th. Finally, Loop Capital assumed coverage on shares of Livent in a research note on Friday, November 9th. They issued a buy rating and a $22.00 price target on the stock. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $19.85.

Shares of LTHM stock traded up $0.45 on Monday, hitting $13.12. The company’s stock had a trading volume of 1,465,127 shares, compared to its average volume of 833,023. Livent has a fifty-two week low of $12.10 and a fifty-two week high of $19.90.

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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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