Avient (NYSE:AVNT) Announces Earnings Results, Hits Estimates

Avient (NYSE:AVNT) posted its earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49, Zacks reports. Avient had a return on equity of 10.56% and a net margin of 4.66%. Avient updated its Q1 2025 guidance to 0.760-0.760 EPS and its FY 2025 guidance to 2.700-2.940 EPS.

Avient Trading Up 2.7 %

AVNT traded up $1.15 during midday trading on Thursday, hitting $42.89. 403,883 shares of the company were exchanged, compared to its average volume of 516,074. The firm’s 50 day moving average price is $42.75 and its 200-day moving average price is $46.36. Avient has a 1-year low of $37.33 and a 1-year high of $54.68. The firm has a market capitalization of $3.92 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.08 and a beta of 1.51. The company has a quick ratio of 1.21, a current ratio of 1.63 and a debt-to-equity ratio of 0.87.

Avient Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, March 18th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.52%. The ex-dividend date is Tuesday, March 18th. Avient’s dividend payout ratio is currently 66.67%.

Analysts Set New Price Targets

Several research firms recently commented on AVNT. Wells Fargo & Company upped their price target on shares of Avient from $55.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Seaport Res Ptn cut shares of Avient from a “strong-buy” rating to a “hold” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.50.

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.