Avantor (NYSE:AVTR) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Avantor (NYSE:AVTR) released its earnings results on Friday. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02, RTT News reports. Avantor had a net margin of 4.54% and a return on equity of 12.24%. During the same quarter in the previous year, the company earned $0.22 earnings per share.

Avantor Stock Down 9.2 %

Shares of AVTR traded down $2.01 during mid-day trading on Friday, hitting $19.69. 8,362,423 shares of the company’s stock were exchanged, compared to its average volume of 4,967,080. The firm has a fifty day moving average of $21.76 and a two-hundred day moving average of $23.46. The company has a quick ratio of 1.06, a current ratio of 1.54 and a debt-to-equity ratio of 0.84. Avantor has a twelve month low of $19.48 and a twelve month high of $28.00. The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 42.75, a P/E/G ratio of 3.97 and a beta of 1.28.

Analyst Ratings Changes

A number of research analysts recently weighed in on AVTR shares. Robert W. Baird dropped their price objective on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, October 28th. Barclays boosted their target price on Avantor from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday. Raymond James reduced their price target on Avantor from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on Avantor from $30.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Finally, UBS Group reiterated a “neutral” rating and issued a $25.00 price target (down previously from $29.00) on shares of Avantor in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Avantor currently has an average rating of “Moderate Buy” and an average price target of $27.46.

Avantor Company Profile

Avantor, Inc engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.