Avantor (NYSE:AVTR) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Avantor (NYSE:AVTR) released its quarterly earnings results on Wednesday. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01, RTT News reports. Avantor had a return on equity of 12.24% and a net margin of 4.54%. During the same quarter in the prior year, the company posted $0.22 earnings per share.

Avantor Price Performance

AVTR stock traded down $0.08 during midday trading on Friday, reaching $18.03. The company had a trading volume of 245,561 shares, compared to its average volume of 5,273,866. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 39.18, a price-to-earnings-growth ratio of 3.87 and a beta of 1.28. The stock has a 50 day moving average price of $21.51 and a 200-day moving average price of $23.32. Avantor has a 1-year low of $17.90 and a 1-year high of $28.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.54 and a quick ratio of 1.06.

Analyst Ratings Changes

A number of equities analysts have weighed in on AVTR shares. Raymond James reaffirmed an “outperform” rating and set a $24.00 price target (down previously from $26.00) on shares of Avantor in a research report on Monday. Royal Bank of Canada cut their price objective on Avantor from $33.00 to $31.00 and set an “outperform” rating for the company in a report on Monday. Robert W. Baird cut their price objective on Avantor from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, October 28th. Morgan Stanley cut their price objective on Avantor from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Monday. Finally, Stifel Nicolaus cut their price objective on Avantor from $28.00 to $26.00 and set a “buy” rating for the company in a report on Monday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.15.

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.