Avient (AVNT) Expected to Announce Earnings on Thursday

Avient (NYSE:AVNT) will likely be posting its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Avient to post earnings of $0.49 per share and revenue of $751.01 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Avient Stock Performance

NYSE:AVNT opened at $42.67 on Thursday. Avient has a 1-year low of $35.76 and a 1-year high of $54.68. The firm has a 50 day simple moving average of $43.66 and a 200-day simple moving average of $46.47. The firm has a market cap of $3.90 billion, a PE ratio of 26.34, a P/E/G ratio of 1.08 and a beta of 1.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.21.

Wall Street Analysts Forecast Growth

AVNT has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Avient from $55.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Seaport Res Ptn downgraded Avient from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 18th. Finally, Oppenheimer raised their price objective on Avient from $53.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $55.50.

Avient Company Profile

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.