Analyst Valuation and EPS Growth for Avient (NYSE:AVNT)

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Earnings results for Avient (NYSE:AVNT)

Avient Corporation is expected* to report earnings on 02/09/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.49. The reported EPS for the same quarter last year was $0.34.

Avient last released its quarterly earnings data on November 3rd, 2020. The reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business earned $924.50 million during the quarter, compared to analyst estimates of $904.93 million. Avient has generated $1.69 earnings per share over the last year and currently has a price-to-earnings ratio of 6.4. Avient has confirmed that its next quarterly earnings report will be published on Tuesday, February 9th, 2021.

Analyst Opinion on Avient (NYSE:AVNT)

9 Wall Street analysts have issued ratings and price targets for Avient in the last 12 months. Their average twelve-month price target is $40.89, predicting that the stock has a possible downside of 3.27%. The high price target for AVNT is $56.00 and the low price target for AVNT is $30.00. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Avient has received a consensus rating of Buy. The company’s average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $40.89, Avient has a forecasted downside of 3.3% from its current price of $42.27. Avient has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Avient (NYSE:AVNT)

Avient pays a meaningful dividend of 2.07%, higher than the bottom 25% of all stocks that pay dividends. Avient has only been increasing its dividend for 1 years. The dividend payout ratio of Avient is 50.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Avient will have a dividend payout ratio of 37.95% next year. This indicates that Avient will be able to sustain or increase its dividend.

Insiders buying/selling: Avient (NYSE:AVNT)

In the past three months, Avient insiders have not sold or bought any company stock. Only 0.97% of the stock of Avient is held by insiders. 93.37% of the stock of Avient is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Avient (NYSE:AVNT

Earnings for Avient are expected to grow by 31.76% in the coming year, from $1.70 to $2.24 per share. The P/E ratio of Avient is 6.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.17. The P/E ratio of Avient is 6.36, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 24.44. Avient has a PEG Ratio of 2.08. PEG Ratios above 1 indicate that a company could be overvalued. Avient has a P/B Ratio of 3.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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