Avient (NYSE:AVNT) Releases FY 2025 Earnings Guidance

Avient (NYSE:AVNT) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 2.770-2.870 for the period, compared to the consensus EPS estimate of 2.800. The company issued revenue guidance of -.

Analyst Ratings Changes

AVNT has been the subject of several analyst reports. Oppenheimer reiterated an “outperform” rating and set a $37.00 price objective on shares of Avient in a report on Thursday. Robert W. Baird reduced their target price on Avient from $43.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Avient in a report on Wednesday, October 8th. Finally, KeyCorp began coverage on Avient in a research note on Wednesday, September 17th. They set an “overweight” rating and a $48.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Avient Stock Performance

Avient stock traded down $0.47 during trading hours on Friday, hitting $29.70. 523,823 shares of the stock traded hands, compared to its average volume of 649,143. Avient has a 1 year low of $27.86 and a 1 year high of $53.61. The firm’s 50 day moving average price is $33.58 and its 200-day moving average price is $34.41. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.50. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.11 and a beta of 1.48.

Avient (NYSE:AVNT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. The firm had revenue of $806.50 million for the quarter, compared to analyst estimates of $823.57 million. Avient had a net margin of 3.65% and a return on equity of 10.57%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. Avient has set its FY 2025 guidance at 2.770-2.870 EPS. As a group, equities analysts expect that Avient will post 2.85 EPS for the current fiscal year.

Avient Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Friday, December 12th will be given a dividend of $0.275 per share. This is an increase from Avient’s previous quarterly dividend of $0.27. This represents a $1.10 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, December 12th. Avient’s dividend payout ratio (DPR) is 89.43%.

Institutional Investors Weigh In On Avient

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Occudo Quantitative Strategies LP acquired a new position in shares of Avient in the 2nd quarter valued at $1,086,000. Jump Financial LLC increased its holdings in Avient by 60.2% in the second quarter. Jump Financial LLC now owns 30,219 shares of the company’s stock valued at $976,000 after buying an additional 11,351 shares in the last quarter. Cerity Partners LLC increased its holdings in Avient by 19.8% in the second quarter. Cerity Partners LLC now owns 28,249 shares of the company’s stock valued at $913,000 after buying an additional 4,678 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Avient by 8.7% in the second quarter. Captrust Financial Advisors now owns 17,249 shares of the company’s stock worth $557,000 after acquiring an additional 1,385 shares during the period. Finally, Gabelli Funds LLC purchased a new stake in shares of Avient during the 2nd quarter worth about $457,000. Institutional investors and hedge funds 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.