Livent (NASDAQ:LTHM) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided EPS guidance of $0.92-0.98 for the period, compared to the Thomson Reuters consensus EPS 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.
Shares of Livent stock traded up $0.45 on Monday, hitting $13.12. The company had a trading volume of 1,465,127 shares, compared to its average volume of 833,023. Livent has a twelve month low of $12.10 and a twelve month high of $19.90.
LTHM has been the subject of several research analyst reports. Loop Capital set a $22.00 price target on shares of Livent and gave the company a buy rating in a report on Monday, December 17th. Argus initiated coverage on shares of Livent in a research report on Thursday, December 13th. They issued a buy rating and a $21.00 price objective on the stock. HSBC initiated coverage on shares of Livent in a research report on Monday, December 3rd. They issued a buy rating and a $22.00 price objective on the stock. Seaport Global Securities reissued a buy rating on shares of Livent in a research report on Friday, October 26th. Finally, Vertical Research initiated coverage on shares of Livent in a research report on Monday, October 22nd. They issued a buy rating and a $20.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $19.85.
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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