Avantor Inc (NYSE:AVTR) Expected to Post Quarterly Sales of $1.51 Billion

Brokerages expect Avantor Inc (NYSE:AVTR) to announce $1.51 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Avantor’s earnings, with the highest sales estimate coming in at $1.54 billion and the lowest estimate coming in at $1.49 billion. The firm is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Avantor will report full year sales of $6.09 billion for the current financial year, with estimates ranging from $6.04 billion to $6.14 billion. For the next year, analysts expect that the company will post sales of $6.41 billion, with estimates ranging from $6.31 billion to $6.47 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Avantor.

A number of equities analysts have recently commented on AVTR shares. Bank of America raised their price objective on shares of Armstrong World Industries from $95.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Guggenheim started coverage on shares of Avantor in a research report on Tuesday, June 11th. They issued a “buy” rating and a $21.00 price objective for the company. KeyCorp restated a “buy” rating and issued a $143.00 price objective on shares of Microsoft in a research report on Tuesday, June 11th. Piper Jaffray Companies set a $29.00 target price on shares of Bausch Health Companies and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, SunTrust Banks reiterated a “hold” rating and set a $60.00 target price on shares of Tripadvisor in a research report on Tuesday, June 11th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Avantor has an average rating of “Buy” and a consensus target price of $20.69.

Shares of AVTR stock traded down $0.61 during trading hours on Wednesday, reaching $17.72. The stock had a trading volume of 56,283 shares, compared to its average volume of 2,283,588. The stock has a fifty day simple moving average of $18.22. Avantor has a 12 month low of $14.00 and a 12 month high of $19.58.

A hedge fund recently bought a new stake in Avantor stock. Zweig DiMenna Associates LLC purchased a new position in Avantor Inc (NYSE:AVTR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 167,005 shares of the company’s stock, valued at approximately $3,188,000.

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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