Avantor Inc (NYSE:AVTR) Expected to Post Earnings of $0.17 Per Share

Brokerages forecast that Avantor Inc (NYSE:AVTR) will announce $0.17 earnings per share for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Avantor’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.16. The company is scheduled to announce its next earnings results on Friday, May 1st.

According to Zacks, analysts expect that Avantor will report full year earnings of $0.77 per share for the current year, with EPS estimates ranging from $0.75 to $0.81. For the next year, analysts forecast that the company will report earnings of $0.94 per share, with EPS estimates ranging from $0.88 to $1.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Avantor.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.53 billion. The company’s revenue was up 3.4% compared to the same quarter last year.

Several research analysts have commented on the company. Stifel Nicolaus started coverage on Avantor in a research report on Thursday, November 14th. They issued a “hold” rating on the stock. Raymond James lowered their price objective on shares of Avantor from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Cowen reaffirmed a “buy” rating and set a $23.00 target price on shares of Avantor in a research report on Friday, February 7th. Wells Fargo & Co started coverage on shares of Avantor in a research report on Tuesday, January 7th. They set an “overweight” rating and a $22.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Avantor from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Avantor has an average rating of “Buy” and an average target price of $20.71.

NYSE:AVTR traded down $0.05 during mid-day trading on Friday, hitting $16.32. 1,732,566 shares of the company’s stock traded hands, compared to its average volume of 3,229,560. The firm has a market capitalization of $9.68 billion and a price-to-earnings ratio of 28.14. The firm has a 50 day moving average of $18.25 and a two-hundred day moving average of $16.71. Avantor has a 12 month low of $13.33 and a 12 month high of $19.58.

In other news, EVP Devashish Ohri sold 20,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $17.54, for a total value of $350,800.00. Following the completion of the transaction, the executive vice president now owns 177,143 shares in the company, valued at approximately $3,107,088.22. The sale was disclosed in a filing with the SEC, which is available at this link.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd raised its stake in Avantor by 2.8% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 26,028 shares of the company’s stock worth $472,000 after acquiring an additional 703 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its stake in shares of Avantor by 31.6% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 16,576 shares of the company’s stock valued at $301,000 after purchasing an additional 3,980 shares in the last quarter. Islay Capital Management LLC acquired a new stake in shares of Avantor in the 4th quarter valued at $92,000. Russell Investments Group Ltd. boosted its stake in shares of Avantor by 3,328.2% in the 4th quarter. Russell Investments Group Ltd. now owns 5,348 shares of the company’s stock valued at $96,000 after purchasing an additional 5,192 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Avantor by 40.3% in the 4th quarter. Sei Investments Co. now owns 20,102 shares of the company’s stock worth $360,000 after purchasing an additional 5,772 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

About Avantor

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 in more than 30 countries and deliver an extensive portfolio of products and services.

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Earnings History and Estimates for Avantor (NYSE:AVTR)

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