Seaport Res Ptn Forecasts Avient's Q1 Earnings (NYSE:AVNT)

Avient Co. (NYSE:AVNT - Free Report) - Analysts at Seaport Res Ptn boosted their Q1 2025 earnings per share (EPS) estimates for Avient in a note issued to investors on Tuesday, February 18th. Seaport Res Ptn analyst M. Harrison now expects that the company will post earnings per share of $0.76 for the quarter, up from their prior forecast of $0.72. Seaport Res Ptn currently has a "Strong-Buy" rating on the stock. The consensus estimate for Avient's current full-year earnings is $2.85 per share. Seaport Res Ptn also issued estimates for Avient's Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.58 EPS and FY2025 earnings at $2.87 EPS.

A number of other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Avient from $45.00 to $50.00 and gave the company a "buy" rating in a report on Friday, February 14th. Wells Fargo & Company lowered their price target on shares of Avient from $59.00 to $55.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $54.00.

Avient Trading Down 1.2 %

Shares of NYSE:AVNT traded down $0.53 during trading on Thursday, reaching $43.45. The company's stock had a trading volume of 1,288,935 shares, compared to its average volume of 587,910. The company has a current ratio of 1.88, a quick ratio of 1.42 and a debt-to-equity ratio of 0.88. Avient has a 12 month low of $37.63 and a 12 month high of $54.68. The firm's 50 day simple moving average is $41.97 and its two-hundred day simple moving average is $46.32. The stock has a market capitalization of $3.97 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51.

Avient (NYSE:AVNT - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. Avient had a return on equity of 10.44% and a net margin of 5.23%.

Avient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, March 18th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, March 18th. Avient's payout ratio is currently 59.02%.

Institutional Trading of Avient

Several institutional investors and hedge funds have recently modified their holdings of AVNT. Norges Bank bought a new stake in shares of Avient during the fourth quarter valued at approximately $50,548,000. Ameriprise Financial Inc. raised its stake in shares of Avient by 200.7% during the fourth quarter. Ameriprise Financial Inc. now owns 1,321,791 shares of the company's stock valued at $54,012,000 after acquiring an additional 882,234 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Avient by 120.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,460,481 shares of the company's stock valued at $59,675,000 after acquiring an additional 797,112 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Avient by 120.6% during the third quarter. Assenagon Asset Management S.A. now owns 784,178 shares of the company's stock valued at $39,460,000 after acquiring an additional 428,624 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Avient by 250.5% during the fourth quarter. Point72 Asset Management L.P. now owns 532,610 shares of the company's stock valued at $21,762,000 after acquiring an additional 380,657 shares in the last quarter. Institutional investors own 95.48% of the company's stock.

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.