Avient (NYSE:AVNT) Releases FY 2025 Earnings Guidance

Avient (NYSE:AVNT) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.770-2.870 for the period, compared to the consensus earnings per share estimate of 2.800. The company issued revenue guidance of -.

Avient Trading Down 1.9%

Shares of NYSE AVNT traded down $0.61 during trading hours on Thursday, hitting $30.69. 267,475 shares of the company traded hands, compared to its average volume of 647,875. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 1.11 and a beta of 1.41. The company’s 50 day moving average price is $33.73 and its 200 day moving average price is $34.44. Avient has a 12 month low of $27.86 and a 12 month high of $53.61. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.85.

Avient (NYSE:AVNT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. Avient had a return on equity of 10.57% and a net margin of 3.65%.The firm had revenue of $806.50 million during the quarter, compared to analyst estimates of $823.57 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. Avient’s quarterly revenue was down 1.1% on a year-over-year basis. Avient has set its FY 2025 guidance at 2.770-2.870 EPS. On average, equities research analysts anticipate that Avient will post 2.85 earnings per share for the current fiscal year.

Avient Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Friday, December 12th will be issued a $0.275 dividend. This is a boost from Avient’s previous quarterly dividend of $0.27. This represents a $1.10 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, December 12th. Avient’s dividend payout ratio is 85.94%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Oppenheimer reiterated an “outperform” rating and set a $37.00 price objective on shares of Avient in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Avient in a report on Wednesday, October 8th. KeyCorp assumed coverage on Avient in a research note on Wednesday, September 17th. They issued an “overweight” rating and a $48.00 price objective for the company. Finally, Robert W. Baird dropped their target price on Avient from $43.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Avient has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Hedge Funds Weigh In On Avient

A number of hedge funds and other institutional investors have recently made changes to their positions in AVNT. Scopus Asset Management L.P. bought a new stake in shares of Avient in the second quarter valued at about $8,908,000. The Manufacturers Life Insurance Company raised its holdings in shares of Avient by 21.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,288,581 shares of the company’s stock valued at $41,634,000 after purchasing an additional 231,102 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Avient by 125.5% in the 2nd quarter. Jane Street Group LLC now owns 314,141 shares of the company’s stock worth $10,150,000 after purchasing an additional 174,849 shares during the period. Qube Research & Technologies Ltd boosted its position in Avient by 89.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 363,149 shares of the company’s stock valued at $11,733,000 after acquiring an additional 171,936 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Avient by 91.3% during the 2nd quarter. AQR Capital Management LLC now owns 322,986 shares of the company’s stock worth $10,436,000 after purchasing an additional 154,183 shares during the last quarter. Institutional investors own 95.48% of the company’s stock.

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.