Equities Analysts Issue Forecasts for Avient FY2024 Earnings

Avient Co. (NYSE:AVNT) – Analysts at Seaport Res Ptn reduced their FY2024 earnings estimates for shares of Avient in a research report issued to clients and investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now forecasts that the company will post earnings of $2.65 per share for the year, down from their previous estimate of $2.66. Seaport Res Ptn currently has a “Hold” rating on the stock. The consensus estimate for Avient’s current full-year earnings is $2.65 per share. Seaport Res Ptn also issued estimates for Avient’s Q4 2024 earnings at $0.48 EPS, Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $2.84 EPS.

Avient (NYSE:AVNT) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Avient had a net margin of 4.66% and a return on equity of 10.56%. The firm had revenue of $815.20 million for the quarter, compared to analysts’ expectations of $797.50 million. During the same period in the prior year, the firm earned $0.57 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year.

AVNT has been the topic of several other research reports. Wells Fargo & Company increased their target price on Avient from $55.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Oppenheimer increased their price objective on shares of Avient from $53.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.50.

Avient Trading Up 1.7 %

AVNT stock opened at $43.06 on Friday. The business has a fifty day moving average price of $45.16 and a 200 day moving average price of $46.52. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.21. Avient has a fifty-two week low of $35.58 and a fifty-two week high of $54.68. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 1.06 and a beta of 1.52.

Institutional Investors Weigh In On Avient

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in shares of Avient by 6.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 153,100 shares of the company’s stock valued at $6,683,000 after acquiring an additional 9,531 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Avient in the second quarter worth $1,089,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Avient by 23.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,536 shares of the company’s stock worth $373,000 after purchasing an additional 1,633 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Avient in the 2nd quarter valued at $807,000. Finally, Sei Investments Co. increased its position in shares of Avient by 39.4% in the 2nd quarter. Sei Investments Co. now owns 155,763 shares of the company’s stock valued at $6,799,000 after buying an additional 44,026 shares in the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Avient

In other Avient news, SVP Joel R. Rathbun sold 5,762 shares of Avient stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $51.45, for a total transaction of $296,454.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.88% of the stock is owned by company insiders.

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.