|Bid||7.58 x 900|
|Ask||8.19 x 1100|
|Day's Range||7.48 - 7.86|
|52 Week Range||5.49 - 19.90|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||14.65|
|Earnings Date||Nov 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.35|
The company, which operates in northern Argentina, late Tuesday cut its full-year revenue and earnings forecast for the second time this year because it will delay selling about a quarter of its annual lithium hydroxide production until 2020. While Livent and some peers sell much of their lithium on long-term contracts, they have been stung by weakening market sentiment as global supply exceeds demand by 5 percent. "It's a difficult environment to do business," Graves said in an interview.
The lithium industry is working through "difficult" times due to low prices for the battery metal and global oversupply concerns, though an upswing in demand should help beginning next year, Livent Corp Chief Executive Paul Graves said on Wednesday. The company, which operates in northern Argentina, late Tuesday cut its full-year revenue and earnings forecast for the second time this year because it will delay selling about a quarter of its annual lithium hydroxide production until 2020. While Livent and some peers sell much of their lithium on long-term contracts, they have been stung by weakening market sentiment as global supply exceeds demand by 5 percent.
Livent (LTHM) delivered earnings and revenue surprises of -14.29% and -13.31%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Livent Corp. fell nearly 8% in the extended session Tuesday after the lithium producer missed third-quarter GAAP earnings and sales expectations and called for lower full-year profit and revenue. Livent said it earned $18 million, or 12 cents a share, in the quarter, compared with $30 million, or 24 cents a share, in the year-ago quarter. Revenue fell to $97.7 million from $112 million a year ago. Analysts polled by FactSet had expected Livent to earn 14 cents a share on sales of $112.6 million. For the full-year 2019, Livent expects revenue to be in the range of $400 million to $410 million and adjusted per-share earnings in a range between 44 cents and 47 cents. The analysts surveyed by FactSet expect EPS of 58 cents on sales of $453 million for the year. In the same press release, Livent said it has signed a memorandum of understanding for a multi-year supply agreement with LG Electronics Inc. for lithium hydroxide starting in 2020.
-- Meets Third Quarter Adjusted EPS and Adjusted EBITDA Guidance -- -- Announces MoU for Multi-year Supply of Lithium Hydroxide to LG -- -- Reinforces Commitment to Existing Expansion Plans -- -- Provides ...
Livent Corp. is spending up to $18 million to boost lithium production by 50% at its Bessemer City plant.
Livent (LTHM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
-- Investment is expected to create up to 30 new high-quality, full-time jobs at the company and an additional 85 construction jobs. -- Expansion is expected to enable Livent to produce an additional 5,000 metric tons of lithium hydroxide per year.
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PHILADELPHIA , Oct. 14, 2019 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today announced it will release its third quarter 2019 earnings on Tuesday, November 5, 2019 , after stock market close via ...
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Livent Corporation...
CALGARY , Oct. 10, 2019 /CNW/ - E3 METALS CORP. (ETMC.V) (OU7A.F) (EEMMF) (the "Company" or "E3" or "E3 Metals") is pleased to announce that Livent Corporation (LTHM) has contributed the initial US $1.5 million dollars in relation to the Joint Development Agreement (the "Agreement"). This initial contribution marks the commencement of the Joint Development Project with Livent for the technical advancement of E3 Metals' proprietary on exchange Direct Lithium Extraction (DLE) Process. The ultimate goal of the Agreement is to develop a process to produce battery quality lithium products from the lithium enriched brines located in the Leduc Formation in Alberta .
Livent will contribute its technical expertise and up to US$ 5.5 million to the joint development project. In exchange, upon completion of the project and satisfaction of the full US $5.5 million in funding, Livent will have the opportunity to convert its investment into a 19.9% ownership stake in E3 Metals and appoint one member to its Board of Directors, provided Livent maintains not less than a 5% equity interest. For more than six decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...
PHILADELPHIA , Aug. 29, 2019 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today announced that Paul Graves , president and chief executive officer, will speak at the Credit Suisse 32nd Annual Basic ...
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Livent issued an in-line second-quarter report Aug. 6, but during the conference call, the company discussed an acceleration in lithium hydroxide orders, Byrne said in a Monday downgrade note. A more appropriate estimate for the size of the market in 2019 is 45-70kmt, Byrne said, adding that the industry could struggle to absorb another 50-60kmt of new supply coming online in 2020.
Second Quarter Highlights - Revenue of $114 million - GAAP net income of $16 million and GAAP earnings per diluted share of 11 cents - Adjusted earnings per share of 12 cents - Adjusted EBITDA of $28 million ...