Avanos Medical - AVNS Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avanos Medical in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AVNS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVNS, but not buy additional shares or sell existing shares.
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2 equities research analysts have issued 12-month price targets for Avanos Medical's shares. Their AVNS share price forecasts range from $26.00 to $34.00. On average, they predict the company's share price to reach $29.33 in the next year. This suggests that the stock has a possible downside of 6.5%.
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Avanos Medical's stock was trading at $27.06 at the beginning of the year. Since then, AVNS shares have increased by 15.9% and is now trading at $31.37.
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Avanos Medical saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 863,600 shares, an increase of 19.2% from the December 15th total of 724,600 shares. Based on an average daily trading volume, of 224,100 shares, the days-to-cover ratio is currently 3.9 days. Currently, 1.9% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Avanos Medical, Inc. (NYSE:AVNS) announced its earnings results on Tuesday, November, 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.02. The firm had revenue of $184.10 million for the quarter, compared to the consensus estimate of $183.90 million. Avanos Medical had a net margin of 5.39% and a trailing twelve-month return on equity of 5.74%. During the same period in the prior year, the firm posted $0.21 earnings per share.

Avanos Medical issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $1.45-$1.65 for the period, compared to the consensus earnings per share estimate of $1.51. The company issued revenue guidance of $815.00 million-$835.00 million, compared to the consensus revenue estimate of $824.62 million.

32 employees have rated Avanos Medical Chief Executive Officer Joseph F. Woody on Glassdoor.com. Joseph F. Woody has an approval rating of 51% among the company's employees. This puts Joseph F. Woody in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avanos Medical investors own include Kimberly-Clark (KMB), CVS Health (CVS), Pfizer (PFE), Procter & Gamble (PG), Johnson & Johnson (JNJ), Raytheon Technologies (RTX), AT&T (T), Abbott Laboratories (ABT) and Alibaba Group (BABA).

Avanos Medical trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVNS."

Avanos Medical's stock is owned by many different institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (1.19%), New York State Teachers Retirement System (0.19%), New York State Common Retirement Fund (0.12%), Allspring Global Investments Holdings LLC (0.12%), Exchange Traded Concepts LLC (0.08%) and Ziegler Capital Management LLC (0.07%). Insiders that own company stock include Gary Blackford and Patrick J Oleary.
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Shares of AVNS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AVNS stock can currently be purchased for approximately $31.37.

Avanos Medical (NYSE:AVNS) has a market capitalization of $1.46 billion and generates $744.60 million in revenue each year. The company earns $5.20 million in net income (profit) each year or $0.90 on an earnings per share basis.

The company employs 4,555 workers across the globe.

Avanos Medical's mailing address is 5405 Windward Parkway Suite 100 South, Alpharetta GA, 30004. The official website for the company is avanos.com. The company can be reached via phone at (844) 428-2667 or via email at investor.relations@avanos.com.