Analysts Expect Avantor, Inc. (NYSE:AVTR) Will Announce Earnings of $0.37 Per Share

Analysts expect that Avantor, Inc. (NYSE:AVTRGet Rating) will announce earnings of $0.37 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Avantor’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.38. Avantor reported earnings per share of $0.35 during the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Avantor will report full-year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.49 to $1.52. For the next fiscal year, analysts anticipate that the company will post earnings of $1.74 per share, with EPS estimates ranging from $1.71 to $1.80. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Avantor.

Avantor (NYSE:AVTRGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. Avantor had a return on equity of 32.17% and a net margin of 7.72%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis.

AVTR has been the subject of a number of research analyst reports. Cowen dropped their price objective on Avantor from $50.00 to $44.00 in a research report on Tuesday, April 19th. Evercore ISI dropped their price objective on Avantor from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, April 4th. Barclays lifted their price objective on Avantor from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, February 7th. Morgan Stanley dropped their price objective on Avantor from $46.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, February 7th. Finally, Raymond James dropped their price objective on Avantor from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, April 18th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Avantor presently has an average rating of “Buy” and a consensus target price of $43.13.

In other news, EVP Gerard Brophy sold 2,027 shares of Avantor stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $34.47, for a total value of $69,870.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVTR. Walleye Capital LLC acquired a new position in Avantor during the 1st quarter worth approximately $4,038,000. Wealthfront Advisers LLC lifted its position in Avantor by 69.6% during the 1st quarter. Wealthfront Advisers LLC now owns 8,716 shares of the company’s stock worth $295,000 after acquiring an additional 3,578 shares in the last quarter. Virtu Financial LLC acquired a new position in Avantor during the 1st quarter worth approximately $554,000. Point72 Hong Kong Ltd lifted its position in Avantor by 190.9% during the 1st quarter. Point72 Hong Kong Ltd now owns 29,180 shares of the company’s stock worth $987,000 after acquiring an additional 19,150 shares in the last quarter. Finally, Polar Capital Holdings Plc lifted its position in Avantor by 5.8% during the 1st quarter. Polar Capital Holdings Plc now owns 1,902,503 shares of the company’s stock worth $64,343,000 after acquiring an additional 105,000 shares in the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of AVTR stock traded up $0.69 during mid-day trading on Tuesday, reaching $31.33. The stock had a trading volume of 3,373,351 shares, compared to its average volume of 5,079,030. Avantor has a 12-month low of $28.64 and a 12-month high of $44.37. The company has a market cap of $19.12 billion, a P/E ratio of 35.20, a price-to-earnings-growth ratio of 0.64 and a beta of 1.53. The business has a 50-day simple moving average of $32.26 and a 200 day simple moving average of $35.90. The company has a current ratio of 1.80, a quick ratio of 1.18 and a debt-to-equity ratio of 2.03.

Avantor Company Profile (Get Rating)

Avantor, Inc provides products and services to customers in biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.

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Earnings History and Estimates for Avantor (NYSE:AVTR)

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