Avient (NYSE:AVNT) Issues Quarterly Earnings Results, Hits Expectations

Avient (NYSE:AVNT) released its earnings results on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49, Zacks reports. Avient had a net margin of 4.66% and a return on equity of 10.56%. Avient updated its Q1 2025 guidance to 0.760-0.760 EPS and its FY 2025 guidance to 2.700-2.940 EPS.

Avient Stock Up 2.7 %

Shares of AVNT stock traded up $1.15 on Thursday, hitting $42.89. The stock had a trading volume of 403,883 shares, compared to its average volume of 516,074. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.21. The business has a 50 day moving average of $42.75 and a 200 day moving average of $46.36. Avient has a 12-month low of $37.33 and a 12-month high of $54.68. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51.

Avient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, March 18th. Avient’s dividend payout ratio is 66.67%.

Analysts Set New Price Targets

Several brokerages have issued reports on AVNT. Wells Fargo & Company increased their price target on Avient from $55.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Seaport Res Ptn cut shares of Avient from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.50.

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.