Avient (NYSE:AVNT) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Avient reported a quarterly EPS of $0.80, exceeding analysts' expectations of $0.78, alongside a revenue of $866.50 million, which is above the projected $852.98 million.
• The company declared a quarterly dividend of $0.27 per share, which will be paid on October 8th, representing an annualized dividend yield of 3.2%.
• Analyst ratings for Avient show a consensus of "Moderate Buy" with an average price target of $46.80, reflecting mixed sentiments from various investment analysts.

Avient (NYSE:AVNT - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.02, Zacks reports. The business had revenue of $866.50 million for the quarter, compared to analyst estimates of $852.98 million. Avient had a net margin of 3.65% and a return on equity of 10.57%. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Avient updated its Q3 2025 guidance to 0.700-0.700 EPS and its FY 2025 guidance to 2.770-2.870 EPS.

Avient Price Performance

Shares of AVNT stock traded up $0.59 on Tuesday, reaching $34.59. The company had a trading volume of 169,578 shares, compared to its average volume of 681,383. The stock has a market capitalization of $3.17 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.12 and a beta of 1.38. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.85. Avient has a one year low of $27.86 and a one year high of $54.68. The business's 50-day moving average is $34.36 and its 200 day moving average is $36.88.

Avient Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Friday, September 12th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.1%. Avient's dividend payout ratio is 84.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AVNT shares. Morgan Stanley lowered their target price 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 boosted their target price on shares of Avient from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird reduced their target price on shares of Avient from $43.00 to $37.00 and set a "neutral" rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Avient currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. United Services Automobile Association acquired a new stake in Avient during the 1st quarter valued at approximately $224,000. NewEdge Advisors LLC grew its position in shares of Avient by 294.8% during the 1st quarter. NewEdge Advisors LLC now owns 9,340 shares of the company's stock worth $347,000 after buying an additional 6,974 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Avient by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,760 shares of the company's stock worth $1,998,000 after buying an additional 2,341 shares during the period. Royal Bank of Canada grew its position in shares of Avient by 1.0% during the 1st quarter. Royal Bank of Canada now owns 128,730 shares of the company's stock worth $4,782,000 after buying an additional 1,321 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Avient by 26.7% during the 1st quarter. Jane Street Group LLC now owns 139,292 shares of the company's stock worth $5,176,000 after buying an additional 29,327 shares during the period. Institutional investors and hedge funds 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.