Avient Corporation (AVNT)

NYSE: AVNT · IEX Real-Time Price · USD
40.59
+0.44 (1.10%)
Mar 30, 2023, 11:16 AM EDT - Market open
1.1%
Market Cap 3.69B
Revenue (ttm) 3.40B
Net Income (ttm) 703.10M
Shares Out 90.97M
EPS (ttm) 7.63
PE Ratio 5.26
Forward PE 12.71
Dividend $0.97 (2.39%)
Ex-Dividend Date Mar 13, 2023
Volume 63,400
Open 40.74
Previous Close 40.15
Day's Range 40.51 - 41.02
52-Week Range 27.65 - 54.77
Beta 1.55
Analysts Buy
Price Target 51.05 (+25.77%)
Earnings Date Apr 19, 2023

About AVNT

Avient Corporation provides specialized formulator, services, and sustainable material solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates through three segments: Color, Additives and Inks; Specialty Engineered Materials; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks. This segment products are used in various markets include medical, pharmaceutical devic... [Read more]

Sector Materials
IPO Date Apr 29, 1993
Employees 8,700
Stock Exchange NYSE
Ticker Symbol AVNT
Full Company Profile

Financial Performance

In 2022, Avient's revenue was $3.40 billion, an increase of 2.46% compared to the previous year's $3.32 billion. Earnings were $703.10 million, an increase of 204.64%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for AVNT stock is "Buy." The 12-month stock price forecast is $51.05, which is an increase of 25.77% from the latest price.

Price Target
$51.05
(25.77% upside)
Analyst Consensus: Buy
Stock Forecasts

News

5 Stocks to Watch on Dividend Hikes Amid Spiking Inflation Rates

Investors may keep a tab on BBVA, WAB, MBCN, ADI and AVNT, which have lately hiked their dividend payments to reward investors.

Other symbols: ADIBBVAMBCNWAB
1 month ago - Zacks Investment Research

Avient (AVNT) Q4 Earnings and Revenues Surpass Estimates

Avient (AVNT) delivered earnings and revenue surprises of 30% and 0.92%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Avient Announces Fourth Quarter and Full Year 2022 Results

Fourth quarter and full year GAAP EPS from continuing operations of $(0.19) and $0.90 Fourth quarter and full year adjusted EPS from continuing operations of $0.39 and $2.69 exceeds prior guidance of ...

1 month ago - PRNewsWire

Daily Dividend Report: Public Service Enterprise Group, TC Energy, Agree Realty, SS&C Technologies Holdings, Avient

Daily Dividend Report: Public Service Enterprise Group, TC Energy, Agree Realty, SS&C Technologies Holdings, Avient

Other symbols: ADCPEGSSNCTRP
1 month ago - Forbes

Avient Announces Quarterly Dividend

CLEVELAND , Feb. 13, 2023 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, has declared a quarterly cash...

1 month ago - PRNewsWire

Analysts Estimate Avient (AVNT) to Report a Decline in Earnings: What to Look Out for

Avient (AVNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Avient To Hold Fourth Quarter 2022 Conference Call

CLEVELAND , Jan. 6, 2023 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, intends to release its fourth quarter 2022 earnings befo...

2 months ago - PRNewsWire

Avient (AVNT) Q3 Earnings and Revenues Lag Estimates

Avient (AVNT) delivered earnings and revenue surprises of -3.28% and 3.23%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Avient Announces Third Quarter 2022 Results

Completed the acquisition of DSM Protective Materials (including Dyneema®) on September 1 st and the sale of the Distribution business on November 1 st $750 million of after-tax proceeds from the sale...

5 months ago - PRNewsWire

Avient Completes Sale of Distribution Business to H.I.G. Capital

CLEVELAND , Nov. 1, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading global provider of specialized and sustainable material solutions, today announced it has completed the previously a...

5 months ago - PRNewsWire

Avient Announces Twelfth Consecutive Annual Increase in Quarterly Dividend

CLEVELAND , Oct. 13, 2022 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, has declared a quarterly cash...

5 months ago - PRNewsWire

Avient To Hold Third Quarter 2022 Conference Call

CLEVELAND , Oct. 11, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, intends to release its third quarter 2022 earnings befo...

6 months ago - PRNewsWire

2 Deep Value Industrial Stocks Offering High Yields

Investors looking to take advantage of market volatility may want to look for stocks that are trading at significant discounts to their GF Value, a unique intrinsic value calculation from GuruFocus wh...

Other symbols: EMN
6 months ago - GuruFocus

Avient Updates Third Quarter and Full Year 2022 Forecast

Completed acquisition of DSM's Protective Materials business (including the Dyneema® brand) on September 1st and announced the agreement to sell the Distribution segment on August 12th. The Distributi...

6 months ago - PRNewsWire

Avient Completes Acquisition of DSM Protective Materials (Dyneema®)

CLEVELAND , Sept. 1, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, has completed its purchase of the protective materials ...

7 months ago - PRNewsWire

Avient to sell its distribution business for $950 million in cash, after 'competitive' sale process

Avient Corp. AVNT, -1.73% announced Friday a deal to sell its distribution business for $950 million in cash to an affiliate of private equity firm H.I.G. Capital. The polymer materials and liquid col...

8 months ago - Market Watch

Avient Signs Agreement to Divest Distribution Business to H.I.G. Capital for $950 Million

CLEVELAND , Aug. 12, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading global provider of sustainable and specialized material solutions, today announced it has entered into a definitive...

8 months ago - PRNewsWire

Avient Announces Debt Financing to Fund Acquisition of DSM Protective Materials

CLEVELAND , July 28, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT) ("Avient"), a leading provider of specialized and sustainable solutions, today announced it has finalized the debt financing t...

8 months ago - PRNewsWire

Avient Announces Pricing of $725 Million 7.125% Senior Notes due 2030

CLEVELAND , July 27, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT) ("Avient") today announced the pricing of its previously announced offering of $725 million in aggregate principal amount of s...

8 months ago - PRNewsWire

Avient Announces Commencement of $725 Million Senior Notes Offering

CLEVELAND , July 26, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT) ("Avient") today announced the commencement of an offering of $725 million in aggregate principal amount of senior notes due 2...

8 months ago - PRNewsWire

Avient (AVNT) Beats Q2 Earnings and Revenue Estimates

Avient (AVNT) delivered earnings and revenue surprises of 5.38% and 1.11%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Avient Announces Second Quarter 2022 Results

Second quarter sales grew to $1.3 billion, a 5% increase over the prior year quarter, and an all-time quarterly record GAAP EPS increased 24% to $0.92 compared to $0.74 in the prior year quarter Adjus...

8 months ago - PRNewsWire

Avient (AVNT) Reports Next Week: Wall Street Expects Earnings Growth

Avient (AVNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

9 months ago - Zacks Investment Research

Avient To Hold Second Quarter 2022 Conference Call

CLEVELAND , July 7, 2022 /PRNewswire/ -- Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, intends to release its second quarter 2022 earnings befo...

9 months ago - PRNewsWire

Avient (AVNT) Moves 6.1% Higher: Will This Strength Last?

Avient (AVNT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in t...

9 months ago - Zacks Investment Research