Stock News Buzz: Livent Corporation (NYSE:LTHM)

Livent Corporation (NYSE:LTHM) changed 2.97% to recent value of $8.67. The stock transacted 1228628 shares during most recent day however it has an average volume of 1.91M shares. It spotted trading -41.58% off 52-week high price. On the other end, the stock has been noted 57.92% away from the low price over the last 52-weeks.

On Jan. 7, 2020, Livent Corporation (NYSE:LTHM) has revised its fourth quarter and full-year 2019 financial guidance.  The company now expects full-year 2019 revenue in the range of $385 million to $390 million, with Adjusted EBITDA of $98 million to $101 million and adjusted earnings per share of 40 cents to 42 cents.  For the fourth quarter 2019, revenue in the range of $75 million to $80 million is expected, with Adjusted EBITDA of $14 million to $17 million and adjusted earnings per share of 4 cents to 6 cents.

Compared to earlier guidance, fourth quarter performance was negatively impacted by lower than forecasted realized pricing and by reduced lithium hydroxide volumes due to delayed customer orders.

Lower pricing is expected to continue through 2020, with average realized price for lithium hydroxide in 2020 anticipated to be low-to-mid-teens percent lower than 2019.  Livent maintains its prior 2020 volume outlook and plans to purchase up to 7,000 MT of third-party lithium carbonate to support these higher hydroxide sales volumes.  Based upon the anticipated lower expected average realized price and the incremental cost of consuming third-party lithium carbonate versus Livent-produced carbonate from Argentina, the Company expects 2020 Adjusted EBITDA to be lower than 2019.

Current market conditions remain challenging, with lower prices seen across all regions and most end markets, said Paul Graves, president and chief executive officer of Livent.  While we remain committed to our long-term strategy, in light of these market conditions we are reviewing our current capacity expansion plans.

LTHM has a gross margin of 33.70% and an operating margin of 20.20% while its profit margin remained 17.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained 132.80% for this year while earning per share for the next 5-years is expected to reach at 2.64%.

The company has 152.70M of outstanding shares and 145.21M shares were floated in the market. According to the most recent quarter its current ratio was 2.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.28% from the mean of 20 days, 8.73% from mean of 50 days SMA and performed 9.33% from mean of 200 days price. Company’s performance for the week was 1.40%, 9.61% for month and YTD performance remained 1.40%.

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