Avient (NYSE:AVNT) Releases Quarterly Earnings Results, Hits Estimates

Avient (NYSE:AVNT) released its quarterly earnings results on Thursday. The company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49, Zacks reports. Avient had a net margin of 4.66% and a return on equity of 10.56%. 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 0.2 %

AVNT opened at $43.02 on Friday. The company’s 50 day moving average is $42.48 and its 200-day moving average is $46.32. Avient has a 1-year low of $37.63 and a 1-year high of $54.68. The company has a current ratio of 1.63, a quick ratio of 1.21 and a debt-to-equity ratio of 0.87. The company has a market cap of $3.93 billion, a P/E ratio of 26.56, a PEG ratio of 1.08 and a beta of 1.51.

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 dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.08 dividend on an annualized basis and a yield of 2.51%. Avient’s payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AVNT. Deutsche Bank Aktiengesellschaft upped their price target on shares of Avient from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. Seaport Res Ptn downgraded shares of Avient from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company reduced their price objective on shares of Avient from $59.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

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.