Avient (AVNT) Expected to Announce Earnings on Friday

Avient (NYSE:AVNT - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Friday, August 1st. Analysts expect the company to announce earnings of $0.79 per share and revenue of $852.98 million for the quarter. Avient has set its FY 2025 guidance at 2.700-2.940 EPS and its Q2 2025 guidance at 0.790-0.790 EPS.

Avient (NYSE:AVNT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.01. The company had revenue of $826.60 million during the quarter, compared to the consensus estimate of $834.90 million. Avient had a return on equity of 10.48% and a net margin of 3.09%. Avient's revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $0.76 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 Trading Down 1.0%

AVNT traded down $0.35 during trading on Monday, reaching $33.62. The company had a trading volume of 458,441 shares, compared to its average volume of 749,487. The stock has a market cap of $3.08 billion, a P/E ratio of 31.42, a PEG ratio of 1.15 and a beta of 1.33. The business has a 50 day simple moving average of $34.70 and a 200-day simple moving average of $37.17. Avient has a 52 week low of $27.86 and a 52 week high of $54.68. The company has a quick ratio of 1.51, a current ratio of 2.05 and a debt-to-equity ratio of 0.89.

Avient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Friday, September 12th will be paid a $0.27 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a yield of 3.21%. Avient's payout ratio is 100.93%.

Analysts Set New Price Targets

A number of research analysts have recently commented on AVNT shares. Morgan Stanley cut their price target on shares of Avient from $51.00 to $41.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Wells Fargo & Company upped their price target on shares of Avient from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $46.80.

Hedge Funds Weigh In On Avient

Several institutional investors have recently made changes to their positions in AVNT. Jane Street Group LLC increased its stake in shares of Avient by 26.7% during the first quarter. Jane Street Group LLC now owns 139,292 shares of the company's stock valued at $5,176,000 after buying an additional 29,327 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Avient by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,976 shares of the company's stock valued at $11,073,000 after purchasing an additional 10,535 shares during the last quarter. NewEdge Advisors LLC grew its stake in Avient by 294.8% in the first quarter. NewEdge Advisors LLC now owns 9,340 shares of the company's stock valued at $347,000 after purchasing an additional 6,974 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Avient during the first quarter valued at about $224,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Avient by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,760 shares of the company's stock valued at $1,998,000 after buying an additional 2,341 shares during the last quarter. Hedge funds and other 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.