|Bid||6.61 x 3000|
|Ask||6.68 x 2200|
|Day's Range||6.66 - 7.25|
|52 Week Range||6.22 - 19.90|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||8.79|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Livent Corporation (NYSE:LTHM) is a company with exceptional fundamental characteristics. Upon building up an...
Loup Ventures founder Gene Munster and PreMarket Prep co-host Joel Elconin in May taped their inaugural "Frontier Tech With Gene Munster" podcast. The two talked about several companies on the ...
Livent Corp aims to derive more than half of its lithium sales from the electric vehicle industry by next year, a shift for a company that historically has supplied the white metal for use in greases and other industrial products, its chief executive said Tuesday in an interview. Philadelphia-based Livent has struggled in recent months to retain some customers and offset gyrations in the price of lithium it produces. While the company's lithium is used in Tesla Inc vehicles, Livent has not expanded into the automotive space as rapidly as some peers have.
Livent Corp said on Friday that two senior executives were leaving to pursue other opportunities, coming just days after the lithium producer cut its 2019 forecast and warned that demand was slipping for a version of the white metal it produces. Philadelphia-based Livent said Chief Growth Officer Thomas Schneberger would leave at the end of the month and that Rasmus Gerdeman, head of strategy and investor relations, has already left. Livent has focused its business on one specific type of the white metal, hydroxide, which has seen weak demand in recent months due in part to uncertainty around China's electric vehicle subsidies.
Lithium producer Livent Corp said on Friday that its head of strategy and investor relations, Rasmus Gerdeman, is leaving to pursue other opportunities. Gerdeman, who reported directly to Chief Executive Paul Graves, joined Livent in 2018 roughly five months before it was spun off from chemical maker FMC Corp. He previously worked for consultancy FTI Consulting Inc. Gerdeman was responsible for long-term operational planning and identifying potential acquisition targets.
Shares of Livent Corp. were plunging 22% in afternoon trade, on track for their worst performance by far since going pubic in October, after the lithium producer reported first-quarter sales that missed expectations and lowered its full-year outlook. The results were reported after Tuesday's close. The previous biggest one-day drop was 9.6% on Dec. 20. The stock was now trading 51% below its initial public offering price of $17. Trading volume ballooned to 10.9 million shares, or nearly 5 times the 5-day average. Livent shares have tumbled 39.6% year to date, while the Renaisssance IPO ETF has run up 32.9% and the S&P 500 has gained 15.3%.
On a per-share basis, the Philadelphia-based company said it had profit of 12 cents. The supplier of performance lithium compounds posted revenue of $98.3 million in the period. For the current quarter ...
Livent Corp cut its full-year profit and revenue forecasts on Tuesday due to lower demand for lithium hydroxide from some of its main customers and weaker prices, sending its shares down as much as 16 percent in extended trading. Livent, which has been hit by uncertainty around China's electric vehicle subsidies, said it does not expect to see a meaningful change in demand until late 2019 or early 2020. "We are seeing weaker near-term demand for our high-performance lithium hydroxide, as several major customers have informed us about recent decisions to delay their own commercial launches of high-nickel cathode chemistries," Chief Executive Officer Paul Graves said.
Shares of Livent Corp. tanked more than 17% in the extended session Tuesday after the lithium producer reported first-quarter sales below Wall Street forecasts and lowered its 2019 guidance on weaker demand for one of its lithium products, one-off costs related to the effects of operation "disruptions" in Argentina, and lower prices in China. Livent said it earned $16.9 million, or 12 cents a share, in the quarter, compared with $32 million, or 26 cents a share, a year ago. Revenue fell 4% to $98.3 million. Analysts polled by FactSet had expected earnings of 12 cents a share on sales of $104 million. Livent revised its full-year 2019 revenue guidance to between $435 million and $475 million, and adjusted EPS between 56 cents and 66 cents. The analysts surveyed by FactSet expected 2019 EPS around 94 cents a share on sales of $510 million.
U.S. lithium producer Livent Corp on Tuesday cut its full-year profit and revenue forecast, citing lower delivered volumes of lithium hydroxide to some of its main customers. Livent said it expects 2019 ...
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.
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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 […]