Avient (NYSE:AVNT – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Tuesday, August 6th. Analysts expect Avient to post earnings of $0.72 per share for the quarter. Avient has set its Q2 guidance at $0.71 EPS and its FY24 guidance at $2.50-2.65 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
Avient (NYSE:AVNT – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. Avient had a net margin of 3.37% and a return on equity of 9.79%. The firm had revenue of $829.00 million for the quarter, compared to analysts’ expectations of $818.45 million. During the same period in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts expect Avient to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Avient Trading Down 3.6 %
Shares of NYSE:AVNT opened at $42.83 on Monday. The company’s 50-day moving average price is $43.99 and its two-hundred day moving average price is $42.16. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.42. Avient has a one year low of $27.73 and a one year high of $47.87. The stock has a market capitalization of $3.91 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 1.24 and a beta of 1.47.
Avient Increases Dividend
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Avient from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Oppenheimer upped their target price on shares of Avient from $45.00 to $49.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Finally, Stifel Nicolaus upped their target price on shares of Avient from $49.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, May 8th.
View Our Latest Report on AVNT
Avient Company Profile
Avient Corporation operates as a formulator of material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in two segments, Color, Additives and Inks; and Specialty Engineered Materials. The Color, Additives and Inks segment offers custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets, and specialty inks; custom-formulated liquid system, such as polyester, vinyl, natural rubber and latex, polyurethane, and silicone; and proprietary inks.
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