Avient Co. (NYSE:AVNT - Free Report) - Seaport Res Ptn issued their Q1 2025 earnings per share estimates for Avient in a research report issued on Thursday, October 31st. Seaport Res Ptn analyst M. Harrison forecasts that the company will post earnings per share of $0.84 for the quarter. Seaport Res Ptn has a "Hold" rating on the stock. The consensus estimate for Avient's current full-year earnings is $2.64 per share. Seaport Res Ptn also issued estimates for Avient's Q2 2025 earnings at $0.87 EPS, Q3 2025 earnings at $0.72 EPS and Q4 2025 earnings at $0.58 EPS.
Avient (NYSE:AVNT - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. Avient had a net margin of 4.66% and a return on equity of 10.56%. The business had revenue of $815.20 million during the quarter, compared to analyst estimates of $797.50 million. During the same quarter in the previous year, the business posted $0.57 EPS. Avient's quarterly revenue was up 8.2% on a year-over-year basis.
A number of other brokerages have also commented on AVNT. Wells Fargo & Company boosted their price objective on Avient from $52.00 to $55.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Oppenheimer raised their price objective on Avient from $53.00 to $58.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Avient from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $49.00 to $52.00 in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $54.50.
Check Out Our Latest Stock Report on AVNT
Avient Stock Up 1.1 %
Shares of NYSE:AVNT traded up $0.53 during midday trading on Monday, hitting $46.67. 477,280 shares of the company's stock were exchanged, compared to its average volume of 459,455. Avient has a 12 month low of $31.45 and a 12 month high of $51.51. The company has a market cap of $4.26 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.16 and a beta of 1.48. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 0.73. The stock has a 50 day moving average price of $48.33 and a 200-day moving average price of $45.74.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of AVNT. Victory Capital Management Inc. boosted its holdings in shares of Avient by 162.9% in the 2nd quarter. Victory Capital Management Inc. now owns 748,675 shares of the company's stock worth $32,680,000 after buying an additional 463,919 shares during the last quarter. Millennium Management LLC grew its position in shares of Avient by 836.9% during the 2nd quarter. Millennium Management LLC now owns 480,227 shares of the company's stock valued at $20,962,000 after acquiring an additional 428,971 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Avient by 120.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 784,178 shares of the company's stock worth $39,460,000 after purchasing an additional 428,624 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Avient by 28.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,470,349 shares of the company's stock worth $63,813,000 after purchasing an additional 328,773 shares during the period. Finally, F M Investments LLC purchased a new position in Avient in the second quarter valued at approximately $11,135,000. Hedge funds and other institutional investors own 95.48% of the company's stock.
Avient Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 13th will be issued a dividend of $0.27 per share. This is a positive change from Avient's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, December 13th. Avient's dividend payout ratio (DPR) is 66.67%.
About Avient
(
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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.
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