Avient (NYSE:AVNT) Posts Earnings Results, Meets Expectations

Avient (NYSE:AVNT) announced its quarterly earnings data on Thursday. The company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49, Zacks reports. Avient had a net margin of 4.66% and a return on equity of 10.56%. Avient updated its Q1 2025 guidance to 0.760-0.760 EPS and its FY 2025 guidance to 2.700-2.940 EPS.

Avient Stock Performance

NYSE AVNT opened at $43.02 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. The firm’s fifty day moving average price is $42.48 and its two-hundred day moving average price is $46.32. Avient has a 1 year low of $37.63 and a 1 year high of $54.68. The firm has a market capitalization of $3.93 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51.

Avient Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.51%. The ex-dividend date is Tuesday, March 18th. Avient’s dividend payout ratio (DPR) is currently 66.67%.

Analyst Ratings Changes

A number of analysts have recently commented on AVNT shares. Wells Fargo & Company cut their price objective on shares of Avient from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday. Seaport Res Ptn lowered shares of Avient from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Avient from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.00.

About Avient

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.