Arcadium Lithium (ALTM) to Release Earnings on Thursday

Arcadium Lithium (NYSE:ALTM) is expected to be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $250.96 million for the quarter.

Arcadium Lithium Price Performance

Shares of NYSE:ALTM opened at $5.83 on Wednesday. Arcadium Lithium has a one year low of $2.19 and a one year high of $5.84. The company has a 50 day moving average of $5.55 and a 200-day moving average of $4.61. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 21.59 and a beta of 1.45.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALTM. Argus cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th. Scotiabank cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, B. Riley cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.00.

About Arcadium Lithium

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.