FY2024 Earnings Estimate for Avantor Issued By William Blair

Avantor, Inc. (NYSE:AVTR - Free Report) - William Blair dropped their FY2024 EPS estimates for shares of Avantor in a report released on Monday, October 28th. William Blair analyst M. Larew now forecasts that the company will earn $0.98 per share for the year, down from their previous forecast of $1.02. The consensus estimate for Avantor's current full-year earnings is $1.01 per share. William Blair also issued estimates for Avantor's Q4 2024 earnings at $0.25 EPS, Q3 2025 earnings at $0.30 EPS and Q4 2025 earnings at $0.34 EPS.

Avantor (NYSE:AVTR - Get Free Report) last released its quarterly earnings data on Friday, July 26th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Avantor had a net margin of 5.28% and a return on equity of 12.40%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion.

AVTR has been the topic of several other reports. TD Cowen upped their target price on shares of Avantor from $28.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Robert W. Baird decreased their target price on shares of Avantor from $27.00 to $26.00 and set an "outperform" rating on the stock in a research report on Monday. Evercore ISI decreased their target price on shares of Avantor from $28.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 2nd. Stifel Nicolaus upped their target price on shares of Avantor from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company decreased their target price on shares of Avantor from $30.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $27.57.

Avantor Price Performance

Shares of AVTR traded down $0.12 during midday trading on Tuesday, hitting $22.52. 4,194,726 shares of the company traded hands, compared to its average volume of 6,430,188. The firm has a 50 day moving average of $25.44 and a 200-day moving average of $24.23. Avantor has a 52 week low of $16.63 and a 52 week high of $28.00. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 57.74, a PEG ratio of 2.93 and a beta of 1.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 1.59.

Hedge Funds Weigh In On Avantor

A number of institutional investors have recently modified their holdings of the stock. Graypoint LLC boosted its stake in Avantor by 3.8% in the first quarter. Graypoint LLC now owns 11,414 shares of the company's stock valued at $292,000 after acquiring an additional 423 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Avantor by 1.8% during the second quarter. Intech Investment Management LLC now owns 29,068 shares of the company's stock worth $616,000 after purchasing an additional 514 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Avantor by 0.3% during the second quarter. Arizona State Retirement System now owns 186,567 shares of the company's stock worth $3,955,000 after purchasing an additional 528 shares during the last quarter. Veracity Capital LLC increased its holdings in Avantor by 1.0% in the third quarter. Veracity Capital LLC now owns 52,359 shares of the company's stock valued at $1,355,000 after buying an additional 543 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Avantor by 2.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,921 shares of the company's stock valued at $571,000 after buying an additional 733 shares in the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Steven W. Eck sold 3,525 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $25.06, for a total transaction of $88,336.50. Following the transaction, the chief accounting officer now directly owns 29,544 shares of the company's stock, valued at approximately $740,372.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

About Avantor

Avantor, Inc engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.