Zacks: Brokerages Anticipate Avantor Inc (NYSE:AVTR) to Announce $0.14 Earnings Per Share

Analysts expect that Avantor Inc (NYSE:AVTR) will report earnings of $0.14 per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Avantor’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.11. Avantor also posted earnings of $0.14 per share in the same quarter last year. The firm is expected to announce its next earnings report on Tuesday, August 4th.

On average, analysts expect that Avantor will report full year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.61 to $0.77. For the next year, analysts expect that the company will post earnings of $0.87 per share, with EPS estimates ranging from $0.76 to $0.98. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Avantor.

Avantor (NYSE:AVTR) last released its earnings results on Wednesday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the business posted $0.11 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year.

Several analysts recently issued reports on AVTR shares. UBS Group cut their target price on Avantor from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Credit Suisse Group dropped their price target on Avantor from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Stifel Nicolaus increased their price target on Avantor from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Raymond James dropped their price target on Avantor from $19.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Finally, Barclays dropped their price target on Avantor from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $19.94.

In other Avantor news, major shareholder New Mountain Investments Iii, sold 20,886,424 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $15.90, for a total transaction of $332,094,141.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gerard Brophy sold 25,495 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $17.36, for a total value of $442,593.20. Following the transaction, the executive vice president now owns 196,583 shares in the company, valued at $3,412,680.88. The disclosure for this sale can be found here. Insiders have sold a total of 34,661,317 shares of company stock valued at $551,196,298 over the last three months. 1.90% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVTR. First Quadrant L P CA purchased a new position in shares of Avantor in the 1st quarter valued at $32,000. Advisor Group Holdings Inc. purchased a new position in shares of Avantor in the 1st quarter valued at $54,000. American International Group Inc. increased its holdings in shares of Avantor by 32.8% in the 1st quarter. American International Group Inc. now owns 6,571 shares of the company’s stock valued at $82,000 after acquiring an additional 1,622 shares during the period. Islay Capital Management LLC purchased a new position in shares of Avantor in the 4th quarter valued at $92,000. Finally, Russell Investments Group Ltd. increased its holdings 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 acquiring an additional 5,192 shares during the period. Institutional investors own 78.88% of the company’s stock.

Shares of NYSE:AVTR traded up $0.64 during trading on Friday, hitting $18.97. 26,827,714 shares of the company’s stock were exchanged, compared to its average volume of 4,000,138. Avantor has a 52-week low of $6.66 and a 52-week high of $19.58. The business’s 50-day simple moving average is $15.90 and its 200 day simple moving average is $16.28. The company has a market cap of $10.91 billion and a price-to-earnings ratio of -22.86.

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 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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