Avient (NYSE:AVNT) Posts Quarterly Earnings Results, Hits Estimates

Avient (NYSE:AVNT - Get Free Report) announced its earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate 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 Trading Up 0.2 %

Shares of NYSE:AVNT traded up $0.07 during trading on Monday, reaching $43.02. 775,739 shares of the stock were exchanged, compared to its average volume of 482,740. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.21 and a current ratio of 1.63. Avient has a 12-month low of $37.63 and a 12-month high of $54.68. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51. The firm's 50-day moving average price is $42.48 and its 200 day moving average price is $46.34.

Avient Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, March 18th. Avient's payout ratio is currently 66.67%.

Analyst Ratings Changes

Several research analysts recently weighed in on AVNT shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Avient from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company dropped their price objective on shares of Avient from $59.00 to $55.00 and set an "overweight" rating for the company in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $54.00.

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.