Avantor (NYSE:AVTR) Updates FY 2022 Earnings Guidance

Avantor (NYSE:AVTRGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $1.43-$1.49 for the period, compared to the consensus EPS estimate of $1.50. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AVTR. Robert W. Baird reduced their price target on Avantor from $44.00 to $34.00 and set an outperform rating on the stock in a research report on Monday, August 1st. Evercore ISI lowered their target price on Avantor to $35.00 in a research report on Tuesday. The Goldman Sachs Group decreased their price target on Avantor from $42.00 to $37.00 and set a buy rating for the company in a report on Thursday, July 14th. Wells Fargo & Company reduced their target price on Avantor from $42.00 to $33.00 and set an overweight rating for the company in a research note on Monday, April 25th. Finally, Citigroup dropped their price target on shares of Avantor from $38.00 to $32.00 and set a neutral rating on the stock in a research report on Monday, August 1st. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $39.00.

Avantor Trading Down 2.3 %

Shares of NYSE:AVTR traded down $0.66 during midday trading on Tuesday, hitting $27.68. 143,408 shares of the stock traded hands, compared to its average volume of 6,602,434. The stock has a market capitalization of $18.66 billion, a PE ratio of 30.08, a P/E/G ratio of 0.71 and a beta of 1.30. The business’s 50 day moving average is $30.62 and its two-hundred day moving average is $32.34. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 1.41. Avantor has a one year low of $27.50 and a one year high of $44.37.

Avantor (NYSE:AVTRGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.98 billion. Avantor had a net margin of 8.27% and a return on equity of 27.14%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $0.35 earnings per share. As a group, research analysts forecast that Avantor will post 1.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Gerard Brophy sold 19,603 shares of the stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $31.27, for a total transaction of $612,985.81. Following the sale, the executive vice president now owns 96,935 shares in the company, valued at $3,031,157.45. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Avantor news, EVP Frederic Vanderhaegen sold 39,000 shares of Avantor stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $31.61, for a total value of $1,232,790.00. Following the completion of the transaction, the executive vice president now directly owns 126,764 shares of the company’s stock, valued at approximately $4,007,010.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gerard Brophy sold 19,603 shares of Avantor stock in a transaction on Friday, May 20th. The stock was sold at an average price of $31.27, for a total transaction of $612,985.81. Following the completion of the transaction, the executive vice president now directly owns 96,935 shares of the company’s stock, valued at $3,031,157.45. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Avantor

A number of institutional investors and hedge funds have recently made changes to their positions in AVTR. Robeco Schweiz AG lifted its holdings in shares of Avantor by 23.5% in the 1st quarter. Robeco Schweiz AG now owns 5,619,400 shares of the company’s stock worth $190,048,000 after acquiring an additional 1,067,804 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Avantor by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 50,759,035 shares of the company’s stock worth $1,716,671,000 after acquiring an additional 439,147 shares during the last quarter. United Capital Financial Advisers LLC bought a new stake in shares of Avantor in the 1st quarter worth about $13,814,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Avantor by 2,120.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 231,589 shares of the company’s stock worth $7,952,000 after acquiring an additional 221,160 shares during the last quarter. Finally, Eaton Vance Management lifted its holdings in Avantor by 36.9% during the 1st quarter. Eaton Vance Management now owns 497,827 shares of the company’s stock valued at $16,837,000 after buying an additional 134,200 shares in the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Avantor Company Profile

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Avantor, Inc provides products and services to customers in 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.

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