Avantor, Inc. (NYSE:AVTR) Expected to Announce Earnings of $0.33 Per Share

Analysts expect Avantor, Inc. (NYSE:AVTR) to report earnings of $0.33 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Avantor’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.35. Avantor reported earnings per share of $0.29 in the same quarter last year, which would suggest a positive year over year growth rate of 13.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 2nd.

On average, analysts expect that Avantor will report full-year earnings of $1.38 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.39. For the next financial year, analysts forecast that the firm will post earnings of $1.50 per share, with EPS estimates ranging from $1.46 to $1.56. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Avantor.

Avantor (NYSE:AVTR) last issued its quarterly earnings data on Wednesday, October 27th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Avantor had a return on equity of 39.88% and a net margin of 7.07%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS.

A number of equities research analysts have commented on AVTR shares. Barclays increased their price target on Avantor from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, November 1st. Cowen increased their price target on Avantor from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, December 9th. Citigroup increased their price target on Avantor from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, November 1st. JPMorgan Chase & Co. started coverage on Avantor in a research note on Monday, November 22nd. They issued an “overweight” rating for the company. Finally, Robert W. Baird increased their price target on Avantor from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Monday, November 1st. One equities research analyst has rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $46.25.

Shares of NYSE AVTR traded up $0.21 during mid-day trading on Friday, reaching $37.71. 3,767,616 shares of the company were exchanged, compared to its average volume of 4,729,052. The company has a quick ratio of 2.06, a current ratio of 2.70 and a debt-to-equity ratio of 1.79. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of 47.75, a P/E/G ratio of 0.87 and a beta of 1.60. Avantor has a 1 year low of $26.14 and a 1 year high of $44.37. The firm has a 50-day moving average of $39.43 and a 200 day moving average of $39.11.

In other Avantor news, EVP Frederic Vanderhaegen sold 80,000 shares of the stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $38.25, for a total transaction of $3,060,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Gerard Brophy sold 11,551 shares of the stock in a transaction that occurred on Wednesday, January 5th. The stock was sold at an average price of $38.65, for a total value of $446,446.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 405,290 shares of company stock worth $16,117,667. 2.00% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVTR. Advisor Group Holdings Inc. lifted its position in shares of Avantor by 14.4% in the second quarter. Advisor Group Holdings Inc. now owns 44,692 shares of the company’s stock valued at $1,595,000 after acquiring an additional 5,626 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Avantor by 9.5% in the second quarter. Russell Investments Group Ltd. now owns 103,728 shares of the company’s stock valued at $3,681,000 after acquiring an additional 9,004 shares in the last quarter. US Bancorp DE lifted its position in shares of Avantor by 13.8% in the second quarter. US Bancorp DE now owns 40,050 shares of the company’s stock valued at $1,422,000 after acquiring an additional 4,871 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Avantor by 4.8% in the second quarter. Daiwa Securities Group Inc. now owns 24,000 shares of the company’s stock valued at $852,000 after acquiring an additional 1,100 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Avantor by 26.6% in the second quarter. HighTower Advisors LLC now owns 9,223 shares of the company’s stock valued at $327,000 after acquiring an additional 1,935 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Avantor Company Profile

Avantor, Inc is a provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. It sells materials & consumables, equipment & instrumentation and services & specialty procurement. It operates through the following segments: the Americas, Europe, and AMEA.

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