Avanos Medical (AVNS) Stock Price, News & Analysis

Company Overview

Avanos Medical, Inc., a medical technology company, offers medical device solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers a portfolio of chronic care products that include digestive health products, such as Mic-Key enteral feeding tubes, Corpak patient feeding solutions, and NeoMed neonatal and pediatric feeding solutions. The company also provides a portfolio of non-opioid pain solutions, including surgical pain and recovery products, such as ON-Q and ambIT surgical pain pumps, Game Ready cold, and compression therapy systems. In addition, it offers interventional pain solutions, which offers minimally invasive pain-relieving therapies, such as Coolief pain relief therapy; OrthogenRx's knee osteoarthritis hyaluronic acid pain relief injection products; and Trident radiofrequency ablation products to treat chronic pain conditions. It markets its products directly to hospitals and other healthcare providers, healthcare facilities, and other end-user customers, as well as through third-party wholesale distributors. The company was formerly known as Halyard Health, Inc. and changed its name to Avanos Medical, Inc. in June 2018. Avanos Medical, Inc. was incorporated in 2014 and is headquartered in Alpharetta, Georgia.

Key Stats

• Today's Range: $18.66 to $19.31
• 50-Day Range: $18.60 to $24.69
• 52-Week Range: $17.39 to $25.36
• Volume: 227,214 shs
• Average Volume: 267,453 shs
• Market Capitalization: $858.53 million
• P/E Ratio: 54.94
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: Hold

Avanos Medical Stock Analysis - MarketRank™

Avanos Medical scored higher than 77% of companies evaluated by MarketBeat, and ranked 273rd out of 970 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Avanos Medical.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 31.82%

Earnings Growth

Earnings for Avanos Medical are expected to grow by 31.82% in the coming year, from $1.32 to $1.74 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Avanos Medical is 54.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of Avanos Medical is 54.94, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 67.98.

Price to Book Value per Share Ratio

Avanos Medical has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.35% of the float of Avanos Medical has been sold short.

Short Interest Ratio / Days to Cover

Avanos Medical has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Avanos Medical has recently decreased by 19.55%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Avanos Medical does not currently pay a dividend.

Dividend Growth

Avanos Medical does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.35% of the float of Avanos Medical has been sold short.

Short Interest Ratio / Days to Cover

Avanos Medical has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Avanos Medical has recently decreased by 19.55%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.55

News Sentiment

Avanos Medical has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Avanos Medical this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Avanos Medical insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.90% of the stock of Avanos Medical is held by insiders.

Percentage Held by Institutions

95.17% of the stock of Avanos Medical is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AVNS Stock Analysis - Frequently Asked Questions

How have AVNS shares performed this year?

Avanos Medical's stock was trading at $22.43 on January 1st, 2024. Since then, AVNS stock has decreased by 16.7% and is now trading at $18.68.
View the best growth stocks for 2024 here.

How were Avanos Medical's earnings last quarter?

Avanos Medical, Inc. (NYSE:AVNS) issued its quarterly earnings data on Wednesday, July, 31st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The company's quarterly revenue was up 1.4% compared to the same quarter last year.

Who are Avanos Medical's major shareholders?

Avanos Medical's top institutional investors include State Street Corp (3.96%), Geode Capital Management LLC (2.29%), Tributary Capital Management LLC (1.41%) and Charles Schwab Investment Management Inc. (1.14%). Insiders that own company stock include Michael Greiner and Julie Ann Shimer.
View institutional ownership trends.

How do I buy shares of Avanos Medical?

Shares of AVNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Avanos Medical own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Avanos Medical investors own include JPMorgan Chase & Co. (JPM), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Home Depot (HD), Netflix (NFLX) and Tesla (TSLA).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Medical
• Industry: Surgical appliances & supplies
• Sub-Industry: Medical Equipment
• Current Symbol: NYSE:AVNS
• CUSIP: N/A
• CIK: 1606498
• Web: avanos.com
• Phone: (844) 428-2667
• Fax: N/A
• Employees: 3,771
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.34
• Trailing P/E Ratio: 54.94
• Forward P/E Ratio: 14.15
• P/E Growth: N/A
• Net Income: $-61,800,000.00
• Net Margins: 2.30%
• Pretax Margin: 3.83%
• Return on Equity: 4.70%
• Return on Assets: 3.46%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 2.22
• Quick Ratio: 1.46

Sales & Book Value

• Annual Sales: $673.30 million
• Price / Sales: 1.28
• Cash Flow: $2.02 per share
• Price / Cash Flow: 9.24
• Book Value: $26.76 per share
• Price / Book: 0.70

Miscellaneous

• Outstanding Shares: 45,960,000
• Free Float: 44,624,000
• Market Cap: $858.53 million
• Optionable: Optionable
• Beta: 0.92