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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.
Please note, this stock reports earnings on Thursday, February 3rd.
Livent reported 3rd Quarter September 2021 earnings of $0.03 per share on revenue of $103.6 million. The consensus earnings estimate was $0.04 per share on revenue of $96.5 million. Revenue grew 42.7% on a year-over-year basis.
The company said it expects 2021 revenue of $390.0 million to $410.0 million. The company's previous guidance was revenue of $370.0 million to $390.0 million and the current consensus revenue estimate is $384.67 million for the year ending December 31, 2021.
As a leading supplier of lithium, the United States based company should see an increase in share prices as demand for lithium increases, with only a scarce supply. Lithium is the driving force behind many electric vehicles.
Entry Point: $25.75
Stop Loss: $24.50
Trading Range: $14.73 - $33.04
Target Price: $28.30
