|Bid||12.04 x 1400|
|Ask||12.05 x 800|
|Day's Range||11.96 - 12.17|
|52 Week Range||11.55 - 19.90|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||12.20|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
FMC CEO Pierre Brondeau earned nearly $10 million in cash, stocks and options in 2018, a $3 million drop from the prior year, according to its recently filed proxy statement. The annual filing from the Philadelphia-based chemical manufacturing company, headquartered in the 33-floor FMC Tower in University City, also broke down how executive compensation changed in the wake of its October 2018 spin out of its lithium business into Livent (NYSE: LTHM.) FMC completed the separation on Feb. 25. Paul Graves, former FMC CFO who is now leading Livent as its CEO earned $5.6 million in stocks, options and cash in 2018, with stock and option awards driving the bulk of the increase from last year’s total compensation of $3.2 million.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Today we'll look at Livent Corporation (NYSE:LTHM) and reflect onRead More...
Interested in lithium stocks? This face-off should help you make investment decisions in this space, whose growth is being driven by the increasing popularity of EVs.
The agricultural sciences leader reported full-year 2018 operating results, then abruptly sank in early March.
Luminus Management is an investment management firm that was founded back in 2002. It provides offices in New York City, NY, and Houston, Texas. Paul Segal launched this fund aiming to invest in companies belonging to utility and energy-related sectors. He was Luminus Management's President and Portfolio Manager until 2011 when he became the Chief […]
fell Tuesday by 2.9% to $82.27 despite the chemical company beating Wall Street's fourth-quarter earnings expectations. The Philadelphia-based company reported fourth-quarter earnings of $32.4 million, or 24 cents a share, down from $530.1 million, or $3.94 a share, a year ago. Adjusted earnings were $1.69 a share, up 54% year over year, and ahead of Wall Street's expectations of $1.65.
Livent Corp on Tuesday forecast a drop in Chinese lithium sales for the year because of uncertainty about the country's electric vehicle subsidies, a worrisome sign for other producers of the key battery component. The Philadelphia-based company, among the first major global lithium producers to post results this quarter, said Chinese sales will drop below 20 percent of total revenue in 2019, from 25 percent last year. "The Chinese consumers of lithium overextended themselves in 2018, built more inventory than they were comfortable with and had a harder time accessing credit," Livent Chief Executive Paul Graves said in an interview.
Livent, spun off last year from FMC Corp, also posted a quarterly profit in line with Wall Street's expectations, with sales at the lower end of the forecast. The lacklustre results and weak outlook for China - the world's largest lithium consumer - seemed to reinforce concerns about market oversupply for the electric vehicle battery ingredient despite bullish expectations for electric car demand. Chinese customers, Livent said, are "unwilling to make firm commitments for price and volume at levels acceptable to us." The company said it had sought out customers in South Korea and Japan - large lithium consumers, but not at the same scale as China.
The Philadelphia-based company said it had profit of 18 cents per share. For the current quarter ending in April, Livent expects its per-share earnings to range from 11 cents to 14 cents. The company said it expects revenue in the range of $95 million to $105 million for the fiscal first quarter.
Livent Corp. shares tanked 10% in the extended session Monday after the lithium producer reported fourth-quarter sales below expectations and said it expects higher costs and lower profit margins this year. Livent said it earned $26 million, or 18 cents a share, in the quarter, versus a loss of $11 million, or 9 cents a share, in the year-ago quarter. Adjusted for one-time items, Livent earned 23 cents a share in the quarter. Revenue rose to $120 million in the quarter, from $113 million a year ago. Analysts polled by FactSet had expected adjusted earnings of 23 cents a share on sales of $123 million. Livent said it expects its volumes in China to remain flat as it chose to increase volumes to customers outside China, such as Japan and South Korea, as economic conditions weakened in China in late 2018 and its Chinese customers "were unwilling to make firm commitments for price and volume at levels that were acceptable to us." Livent said FMC Corp. is set to spin off its remaining Livent stake on March 1, and that it remained "positive" on "fundamental drivers of demand" for its industry. "In particular, electric vehicle sales that are consistently exceeding even the most bullish forecasts, as well as battery technology developments that are increasingly favoring lithium hydroxide," Livent Chief Executive Paul Graves said in a statement. Livent shares ended the regular trading day up 3.6%.
Livent Corp, the lithium producer spun off last fall from FMC Corp, said on Monday it swung to a fourth-quarter profit on rising demand for the white metal. The company, which produces lithium in Argentina, ...
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Livent Corporation (NYSE:LTHM) as an investment opportunity by taking the expected Read More...
After March 1, the company will be solely focused on agricultural sciences. It'll need to get to work quickly to shore up its pipeline.
As the specialty chemical industry is poised for an upside in 2019, it would be prudent to invest in stocks that have compelling growth prospects.