Arcadium Lithium (NYSE:ALTM) Announces Quarterly Earnings Results

Arcadium Lithium (NYSE:ALTM) announced its quarterly earnings data on Tuesday. The company reported 0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of 0.03 by 0.03, reports. The firm had revenue of 261.20 million during the quarter, compared to analysts’ expectations of 269.60 million.

Arcadium Lithium Price Performance

NYSE ALTM traded down 0.16 during trading hours on Friday, reaching 4.60. The company had a trading volume of 1,471,548 shares, compared to its average volume of 13,920,942. The company has a market capitalization of $4.94 billion, a PE ratio of 3.01 and a beta of 1.81. The firm has a 50-day moving average price of 4.43. Arcadium Lithium has a 1-year low of 3.67 and a 1-year high of 29.17.

Wall Street Analysts Forecast Growth

Separately, KeyCorp dropped their target price on Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th.

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.