Arcadium Lithium (ALTM) Expected to Announce Quarterly Earnings on Thursday

Arcadium Lithium (NYSE:ALTM) is anticipated to issue its quarterly earnings data 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 Stock Down 0.1 %

Shares of NYSE:ALTM opened at $5.83 on Thursday. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 21.57 and a beta of 1.45. Arcadium Lithium has a 52 week low of $2.19 and a 52 week high of $5.84. The firm has a 50 day moving average of $5.49 and a 200 day moving average of $4.52.

Analyst Ratings Changes

ALTM has been the subject of a number of recent research reports. Scotiabank downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Argus downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th. Finally, B. Riley downgraded shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.00.

Arcadium Lithium Company Profile

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.