FY2026 EPS Estimates for Avient Boosted by Seaport Res Ptn

Avient Co. (NYSE:AVNT - Free Report) - Equities research analysts at Seaport Res Ptn boosted their FY2026 EPS estimates for shares of Avient in a research note issued to investors on Monday, April 21st. Seaport Res Ptn analyst M. Harrison now forecasts that the company will earn $3.36 per share for the year, up from their prior estimate of $3.31. Seaport Res Ptn currently has a "Strong-Buy" rating on the stock. The consensus estimate for Avient's current full-year earnings is $2.85 per share.

Avient (NYSE:AVNT - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.49 EPS for the quarter, hitting analysts' consensus estimates of $0.49. Avient had a return on equity of 10.44% and a net margin of 5.23%.

A number of other research firms have also recently issued reports on AVNT. Deutsche Bank Aktiengesellschaft raised their target price on Avient from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Baird R W upgraded Avient to a "hold" rating in a research report on Friday, March 14th. Wells Fargo & Company reduced their price objective on shares of Avient from $55.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, Robert W. Baird initiated coverage on Avient in a report on Friday, March 14th. They set a "neutral" rating and a $43.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $48.60.

Avient Stock Performance

Shares of NYSE:AVNT traded down $0.33 during trading on Wednesday, reaching $33.01. 150,511 shares of the company's stock traded hands, compared to its average volume of 538,409. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.88 and a quick ratio of 1.42. The company has a 50 day moving average of $37.14 and a 200-day moving average of $42.80. Avient has a 12 month low of $27.86 and a 12 month high of $54.68. The stock has a market capitalization of $3.02 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.41.

Hedge Funds Weigh In On Avient

A number of hedge funds and other institutional investors have recently made changes to their positions in AVNT. Norges Bank bought a new position in Avient during the fourth quarter worth about $50,548,000. Ameriprise Financial Inc. grew its position in Avient by 200.7% during the 4th quarter. Ameriprise Financial Inc. now owns 1,321,791 shares of the company's stock worth $54,012,000 after acquiring an additional 882,234 shares during the last quarter. Victory Capital Management Inc. raised its position in Avient by 120.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,460,481 shares of the company's stock valued at $59,675,000 after purchasing an additional 797,112 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Avient by 250.5% in the fourth quarter. Point72 Asset Management L.P. now owns 532,610 shares of the company's stock worth $21,762,000 after purchasing an additional 380,657 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Avient by 9.5% during the fourth quarter. Franklin Resources Inc. now owns 3,185,999 shares of the company's stock worth $130,180,000 after purchasing an additional 276,357 shares during the last quarter. 95.48% of the stock is owned by institutional investors.

Avient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, March 18th. Avient's payout ratio is presently 59.02%.

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.