 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Livent Corporation (LTHM) manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.
The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and butyllithium, which is used in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in the production of lightweight materials for aerospace applications and non-rechargeable batteries.
It also provides lithium phosphate, pharmaceutical-grade lithium carbonate, high purity lithium chloride, and specialty organics; and lithium carbonate and lithium chloride for use as feedstock in the process of producing performance lithium compounds.
The company was incorporated in 2018 and is headquartered in Philadelphia, Pennsylvania.
Livent reported 2nd Quarter June 2021 earnings of $0.04 per share on revenue of $102.2 million. The consensus earnings estimate was $0.02 per share on revenue of $88.8 million. Revenue grew 57.5% on a year-over-year basis.
The company said it expects 2021 revenue of $370.0 million to $390.0 million. The company's previous guidance was revenue of $335.0 million to $365.0 million and the current consensus revenue estimate is $364.69 million for the year ending December 31, 2021.
Please note, this stock reports earnings on Thursday, November 4th.
With the energy sector on the rise and lithium hitting an all-time high yesterday while meeting an increase in share prices by 8.9% over the past month, this stock should be reporting strong earnings next week.
Entry Point: $25.70
Trading Range: $9.88 - $27.45
Stop Loss: $23.75
Target Price: $28.00
LTHM closed at $29.95
