Avantor (AVTR) Scheduled to Post Quarterly Earnings on Friday

Avantor (NYSE:AVTR) is scheduled to be posting its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Avantor to post earnings of $0.20 per share for the quarter. Avantor has set its FY 2024 guidance at 0.960-1.040 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.70 billion. Avantor had a net margin of 4.61% and a return on equity of 14.11%. Avantor’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. On average, analysts expect Avantor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Avantor Trading Down 0.4 %

NYSE:AVTR opened at $24.29 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.05 and a debt-to-equity ratio of 1.00. The stock’s 50 day simple moving average is $24.91 and its 200-day simple moving average is $22.44. Avantor has a 12-month low of $16.63 and a 12-month high of $26.16. The firm has a market cap of $16.48 billion, a P/E ratio of 50.60, a PEG ratio of 1.55 and a beta of 1.37.

Insider Buying and Selling at Avantor

In other Avantor news, EVP James Bramwell sold 6,203 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total transaction of $151,911.47. Following the sale, the executive vice president now directly owns 101,143 shares of the company’s stock, valued at $2,476,992.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Avantor

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of Avantor in the fourth quarter valued at approximately $30,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Avantor by 81.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,661,588 shares of the company’s stock valued at $37,934,000 after acquiring an additional 748,168 shares during the period. Public Employees Retirement System of Ohio raised its stake in Avantor by 2.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 282,639 shares of the company’s stock valued at $6,453,000 after acquiring an additional 7,722 shares in the last quarter. Dodge & Cox raised its stake in Avantor by 360.4% during the 4th quarter. Dodge & Cox now owns 61,196,331 shares of the company’s stock valued at $1,397,112,000 after acquiring an additional 47,904,427 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Avantor by 16.4% during the 4th quarter. Legal & General Group Plc now owns 5,117,640 shares of the company’s stock worth $116,836,000 after acquiring an additional 722,253 shares during the period. Institutional investors and hedge funds own 95.08% of the company’s stock.

Wall Street Analysts Forecast Growth

AVTR has been the topic of several analyst reports. Evercore ISI lifted their target price on shares of Avantor from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Avantor from $23.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday. Raymond James increased their price objective on Avantor from $22.50 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Robert W. Baird boosted their target price on shares of Avantor from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada increased their price target on shares of Avantor from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.71.

About Avantor

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.