|Bid||0.00 x 2900|
|Ask||0.00 x 1400|
|Day's Range||12.59 - 12.88|
|52 Week Range||11.55 - 19.90|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||13.02|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.82|
Livent Corporation (LTHM) announced today that it has received from Nemaska Lithium Inc. a notice of termination of the parties' multi-year supply agreement, under which Nemaska is obligated to start supplying lithium carbonate to Livent starting April 1, 2019. Livent asserts that Nemaska does not have a right to terminate the agreement and Livent intends to enforce its rights as part of the arbitration Livent filed in July 2018. Livent and Nemaska had previously suspended the arbitration while they sought to negotiate a revised schedule, among other agreements, for the supply of lithium carbonate.
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, ...
PHILADELPHIA , Feb. 11, 2019 /PRNewswire/ -- Fourth Quarter 2018 Highlights Revenue of $120 million , in-line with prior guidance and 6 percent higher than Q4 '17 GAAP net income of $26 million Adjusted ...
FMC Corporation (FMC) announced today that its Board of Directors has approved the distribution of all of its remaining interest in Livent Corporation ("Livent") (LTHM) to FMC stockholders, payable on March 1, 2019, to shareholders of record as of 5:00 p.m. EST on February 25, 2019. Subject to the conditions described below, the FMC Board of Directors has authorized the distribution to FMC stockholders of an aggregate of 123,000,000 shares of Livent common stock on March 1, 2019, the distribution date, as a pro rata dividend on shares of FMC common stock outstanding at the close of business on the record date of February 25, 2019.
PHILADELPHIA , Feb. 5, 2019 /PRNewswire/ -- Livent Corporation (NYSE:LTHM) today announced that its 2019 Annual Meeting of Stockholders will be held on Wednesday, May 1, 2019 , at 2:00 p.m. E.T. at FMC ...
Investorideas.com, a leading investor news resource covering AI and lithium stocks issues a snapshot looking at lithium companies preparing to meet future demands in the market and how technology innovation may play a lead role. Looking at how this all plays out, Albemarle Corporation (NYSE:ALB) and Chile state development agency Corfo recently reached a deal to resolve a contract dispute centered around an amendment to the contract that requires Albemarle to provide as much as 25 percent of its annual production of lithium at a discount to companies seeking to produce battery metals within Chile. Albemarle operates in Chile's Salar de Atacama, a salt flat in the country´s northern desert that supplies nearly 40 percent of the world´s lithium.
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...
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PHILADELPHIA , Jan. 4, 2019 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today announced it will release its fourth quarter 2018 earnings on Monday, February 11, 2019, after the stock market close ...
The recent spinoff of Livent makes it the only pure-play investment in lithium for batteries. Is that a better value proposition than the world's largest lithium producer?
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...
PHILADELPHIA , Nov. 14, 2018 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today announced that Thomas Schneberger , chief operating officer, will speak at Citi's 2018 Basic Materials Conference in ...