Equities research analysts predict that Avient Co. (NYSE:AVNT – Get Rating) will post $0.92 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Avient’s earnings. Avient reported earnings per share of $0.87 in the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The company is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Avient will report full-year earnings of $3.51 per share for the current financial year, with EPS estimates ranging from $3.50 to $3.52. For the next financial year, analysts anticipate that the firm 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 sell-side research analysts that that provide coverage for Avient.
Avient (NYSE:AVNT – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. Avient had a net margin of 4.76% and a return on equity of 16.15%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd acquired a new stake in Avient in the fourth quarter worth $30,000. UMB Bank N A MO bought a new stake in shares of Avient during the fourth quarter worth $36,000. Clearstead Advisors LLC acquired a new stake in Avient in the 3rd quarter valued at $31,000. First Horizon Advisors Inc. grew its holdings in shares of Avient by 502.6% in the 4th quarter. First Horizon Advisors Inc. now owns 1,398 shares of the company’s stock valued at $78,000 after acquiring an additional 1,166 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Avient in the fourth quarter valued at about $95,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.
Shares of NYSE:AVNT traded up $2.50 on Thursday, reaching $51.18. The company had a trading volume of 254,880 shares, compared to its average volume of 430,528. The stock has a market capitalization of $4.68 billion, a P/E ratio of 20.15, a P/E/G ratio of 0.93 and a beta of 1.46. The stock has a 50-day moving average price of $48.45 and a 200 day moving average price of $51.81. Avient has a twelve month low of $43.69 and a twelve month 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 business also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Shareholders of record on Friday, June 17th will be paid a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, June 16th. Avient’s dividend payout ratio is presently 37.40%.
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.
- Get a free copy of the StockNews.com research report on Avient (AVNT)
- PVH Corp. Looks Sharp For A Major Reversal
- The Analysts Reel In Their Targets For NetApp
- 3 Regional Banks Investors Can Bank On
- Don’t Get Gamed By Gamestop
- What To Do With Lululemon (NASDAQ: LULU)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Avient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avient and related companies with MarketBeat.com's FREE daily email newsletter.