Avient (NYSE:AVNT – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06, Zacks reports. The business had revenue of $891.20 million for the quarter, compared to analysts’ expectations of $857.49 million. Avient had a net margin of 5.27% and a return on equity of 12.17%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share.
Here are the key takeaways from Avient’s conference call:
- Avient reported adjusted EPS of $0.86, $0.06 above expectations, as organic sales rose 10.6% year over year. Adjusted EBITDA margin reached a third-quarter record of 17.3%, up 80 basis points, with adjusted EBITDA up 16%.
- Growth was broad-based, with Color, Additives & Inks organic sales up 8% and Specialty Engineered Materials up 15%; Asia grew 20%. Company volume increased only about 1%, while weaker European demand weighed on Color, Additives & Inks and transportation was roughly flat.
- The company raised its 2026 adjusted EPS outlook to $3.22–$3.32, adjusted EBITDA outlook to $593–$603 million, and adjusted free cash flow outlook to $215–$230 million. Management said the outlook still reflects uncertainty from persistent inflation and higher interest rates.
- New CEO Mike Frank said the strategy is working but identified opportunities to scale innovations faster, improve collaboration across segments, and optimize the supply chain and manufacturing footprint. He emphasized that it is early to quantify the timing or financial impact of these efforts.
- Strong cash generation supported another $50 million of debt repayment, bringing debt reduction over 18 months to $250 million; Avient expects year-end net leverage of 2.2–2.3 times. The company also began repurchasing shares in the fourth quarter, buying 281,000 shares for about $10.9 million.
Avient Stock Performance
AVNT traded up $0.26 during trading hours on Friday, hitting $45.58. The stock had a trading volume of 391,349 shares, compared to its average volume of 824,491. Avient has a 1 year low of $27.48 and a 1 year high of $49.08. The company’s fifty day simple moving average is $41.56 and its 200 day simple moving average is $38.68. The stock has a market cap of $4.18 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. The company has a quick ratio of 1.35, a current ratio of 1.71 and a debt-to-equity ratio of 0.74.
Avient Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Friday, December 11th will be issued a $0.2825 dividend. This is an increase from Avient’s previous quarterly dividend of $0.2750. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.13 annualized dividend and a yield of 2.5%. Avient’s payout ratio is 57.95%.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Truist Financial increased their price target on Avient from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday. Barclays lifted their price target on Avient from $44.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday. Seaport Research Partners reissued a “buy” rating and issued a $54.00 price objective on shares of Avient in a research report on Friday, August 7th. Wells Fargo & Company upped their price objective on Avient from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Wall Street Zen lowered Avient from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 17th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.88.
Get Our Latest Stock Report on AVNT
Avient Company Profile
Avient Corporation (NYSE: AVNT) is a global provider of specialized and sustainable polymer materials. The company develops, formulates and manufactures engineered materials, colorants, additives and performance-enhancing solutions used to improve the appearance, durability, processing and functionality of plastic products.
Its offerings include specialty polymer formulations, thermoplastic compounds, color and additive concentrates, advanced composites, barrier technologies and recycled or bio-based material solutions.
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