Avient (AVNT) Scheduled to Post Earnings on Tuesday

Avient (NYSE:AVNT) is scheduled to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Avient to post earnings of $0.69 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Avient (NYSE:AVNT) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $719.00 million for the quarter, compared to analyst estimates of $711.87 million. Avient had a net margin of 2.41% and a return on equity of 9.26%. The firm’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, analysts expect Avient to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Avient Stock Performance

Shares of AVNT stock opened at $44.16 on Friday. The company’s fifty day simple moving average is $41.94 and its 200-day simple moving average is $38.27. The company has a quick ratio of 1.37, a current ratio of 1.82 and a debt-to-equity ratio of 0.89. The firm has a market cap of $4.03 billion, a PE ratio of 53.20, a P/E/G ratio of 0.91 and a beta of 1.53. Avient has a 12 month low of $27.73 and a 12 month high of $44.93.

Avient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, March 19th were given a $0.257 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Monday, March 18th. Avient’s dividend payout ratio is presently 124.10%.

Wall Street Analysts Forecast Growth

AVNT has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of Avient from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Oppenheimer upped their price target on shares of Avient from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th.

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.