Analysts expect that Avient Co. (NYSE:AVNT – Get Rating) will post $0.92 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Avient’s earnings. Avient reported earnings per share of $0.87 during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.7%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Avient will report full-year earnings of $3.51 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.52. For the next financial year, analysts expect that the company will post earnings of $4.00 per share, with EPS estimates ranging from $3.90 to $4.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Avient.
Avient (NYSE:AVNT – Get Rating) last issued its quarterly earnings results on Wednesday, April 20th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.26 billion. Avient had a return on equity of 16.15% and a net margin of 4.76%.
Shares of Avient stock opened at $46.93 on Thursday. The firm has a market capitalization of $4.29 billion, a P/E ratio of 18.48, a PEG ratio of 0.87 and a beta of 1.46. Avient has a 52 week low of $43.69 and a 52 week high of $61.46. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average price of $48.91 and a 200 day moving average price of $52.58.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 7th. Investors of record on Friday, June 17th will be issued a $0.237 dividend. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $0.95 dividend on an annualized basis and a yield of 2.02%. Avient’s payout ratio is 37.40%.
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Avient by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 9,802,120 shares of the company’s stock worth $470,502,000 after purchasing an additional 583,179 shares during the last quarter. Marquard & Bahls AG raised its holdings in shares of Avient by 26.8% during the first quarter. Marquard & Bahls AG now owns 4,144,633 shares of the company’s stock valued at $198,942,000 after acquiring an additional 875,904 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Avient in the fourth quarter valued at approximately $199,711,000. Franklin Resources Inc. boosted its stake in shares of Avient by 0.9% in the third quarter. Franklin Resources Inc. now owns 3,450,624 shares of the company’s stock worth $159,936,000 after acquiring an additional 29,701 shares during the last quarter. Finally, State Street Corp increased its position in shares of Avient by 11.8% during the fourth quarter. State Street Corp now owns 3,335,773 shares of the company’s stock worth $187,349,000 after purchasing an additional 352,512 shares in the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.
Avient Company Profile (Get Rating)
Avient Corporation provides specialized formulator, services, and sustainable material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates through three segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks.
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