Seaport Res Ptn Has Negative Forecast for Avient Q1 Earnings

Avient Co. (NYSE:AVNT - Free Report) - Equities research analysts at Seaport Res Ptn cut their Q1 2025 earnings per share estimates for shares of Avient in a report released on Monday, April 21st. Seaport Res Ptn analyst M. Harrison now anticipates that the company will earn $0.74 per share for the quarter, down from their prior estimate of $0.76. Seaport Res Ptn has a "Strong-Buy" rating on the stock. The consensus estimate for Avient's current full-year earnings is $2.85 per share. Seaport Res Ptn also issued estimates for Avient's Q2 2025 earnings at $0.82 EPS and Q3 2025 earnings at $0.72 EPS.

Other research analysts have also recently issued reports about the stock. Robert W. Baird assumed coverage on shares of Avient in a report on Friday, March 14th. They set a "neutral" rating and a $43.00 price target on the stock. Wells Fargo & Company cut their price objective on Avient from $55.00 to $39.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Baird R W upgraded Avient to a "hold" rating in a research note on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Avient from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $48.60.

Avient Stock Up 1.6 %

AVNT traded up $0.53 during mid-day trading on Thursday, reaching $33.81. 109,086 shares of the stock were exchanged, compared to its average volume of 538,145. Avient has a 1 year low of $27.86 and a 1 year high of $54.68. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.42 and a current ratio of 1.88. The stock has a market capitalization of $3.09 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.25 and a beta of 1.41. The company has a 50 day moving average price of $36.92 and a two-hundred day moving average price of $42.70.

Avient (NYSE:AVNT - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Avient had a net margin of 5.23% and a return on equity of 10.44%.

Avient Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, March 18th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, March 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.19%. Avient's payout ratio is 59.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AVNT. Barclays PLC grew its position in Avient by 221.7% during the third quarter. Barclays PLC now owns 173,002 shares of the company's stock worth $8,706,000 after buying an additional 119,229 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Avient during the third quarter worth about $304,000. Tidal Investments LLC increased its position in shares of Avient by 15.8% in the third quarter. Tidal Investments LLC now owns 16,592 shares of the company's stock worth $835,000 after purchasing an additional 2,261 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in Avient by 1.2% in the third quarter. Lord Abbett & CO. LLC now owns 1,515,362 shares of the company's stock valued at $76,253,000 after purchasing an additional 17,765 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Avient by 22.4% during the third quarter. JPMorgan Chase & Co. now owns 608,621 shares of the company's stock valued at $30,626,000 after purchasing an additional 111,489 shares during the last quarter. Hedge funds and other institutional investors own 95.48% of the company's stock.

About Avient

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.