Avantor (AVTR) to Release Quarterly Earnings on Friday

Avantor (NYSE:AVTR - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Friday, April 26th. Analysts expect Avantor to post earnings of $0.20 per share for the quarter. Avantor has set its FY 2024 guidance at 0.960-1.040 EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Avantor (NYSE:AVTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. Avantor had a net margin of 4.61% and a return on equity of 14.11%. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.70 billion. During the same quarter last year, the company posted $0.32 earnings per share. The company's quarterly revenue was down 4.0% compared to the same quarter last year. On average, analysts expect Avantor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Avantor Stock Down 0.8 %

Shares of AVTR stock traded down $0.20 during trading hours on Friday, hitting $24.10. 4,712,023 shares of the company were exchanged, compared to its average volume of 5,698,620. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.61. Avantor has a one year low of $16.63 and a one year high of $26.16. The business's 50-day simple moving average is $24.93 and its two-hundred day simple moving average is $22.46. The stock has a market capitalization of $16.35 billion, a price-to-earnings ratio of 50.21, a P/E/G ratio of 1.53 and a beta of 1.37.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AVTR shares. Barclays raised their target price on shares of Avantor from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Avantor from $26.00 to $29.00 and gave the stock an "overweight" rating in a report on Thursday, February 15th. Raymond James raised their target price on shares of Avantor from $22.50 to $26.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Avantor from $23.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday. Finally, Royal Bank of Canada raised their target price on shares of Avantor from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $26.71.

Insider Activity at Avantor

In related news, EVP James Bramwell sold 6,203 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total transaction of $151,911.47. Following the transaction, the executive vice president now owns 101,143 shares in the company, valued at $2,476,992.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AVTR. Quarry LP acquired a new position in Avantor in the fourth quarter worth approximately $30,000. Groupama Asset Managment acquired a new position in Avantor in the fourth quarter worth approximately $91,000. UniSuper Management Pty Ltd acquired a new position in Avantor in the second quarter worth approximately $99,000. Covestor Ltd grew its position in Avantor by 201.9% in the first quarter. Covestor Ltd now owns 5,250 shares of the company's stock worth $178,000 after buying an additional 3,511 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in Avantor in the second quarter worth approximately $225,000. Institutional investors and hedge funds own 95.08% of the company's stock.

About Avantor

Avantor, Inc engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.