Avient (AVNT) to Release Quarterly Earnings on Tuesday

Avient (NYSE:AVNT) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Avient (NYSE:AVNT) last posted its earnings results on Wednesday, February 14th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $719.00 million during the quarter, compared to analysts’ expectations of $711.87 million. Avient had a net margin of 2.41% and a return on equity of 9.26%. Avient’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. 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

AVNT opened at $44.16 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.82 and a quick ratio of 1.37. The business has a fifty day simple moving average of $41.94 and a 200 day simple moving average of $38.30. Avient has a 1 year low of $27.73 and a 1 year high of $44.93. The company has a market capitalization of $4.03 billion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 0.91 and a beta of 1.53.

Avient Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AVNT shares. Wells Fargo & Company upped their target price on Avient from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Oppenheimer raised their price target on shares of Avient from $45.00 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th.

About Avient

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.