Avient (AVNT) Scheduled to Post Earnings on Tuesday

Avient (NYSE:AVNT) will release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Avient to post earnings of $0.69 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Avient (NYSE:AVNT) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. Avient had a return on equity of 9.26% and a net margin of 2.41%. The firm had revenue of $719.00 million during the quarter, compared to the consensus estimate of $711.87 million. During the same period in the previous year, the firm posted $0.39 EPS. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. On average, analysts expect Avient to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Avient Trading Up 0.5 %

Shares of Avient stock opened at $44.16 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.82 and a quick ratio of 1.37. Avient has a 1 year low of $27.73 and a 1 year high of $44.93. The company has a market capitalization of $4.03 billion, a P/E ratio of 53.20, a P/E/G ratio of 0.91 and a beta of 1.53. The business has a 50 day moving average price of $41.94 and a 200 day moving average price of $38.27.

Avient Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, March 19th were given a dividend of $0.257 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.03 annualized dividend and a dividend yield of 2.33%. Avient’s dividend payout ratio is currently 124.10%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Oppenheimer boosted their price target on Avient from $45.00 to $49.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Wells Fargo & Company boosted their price target on Avient from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, April 11th.

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.