Avantor (AVTR) to Release Quarterly Earnings on Friday

Avantor (NYSE:AVTR) will announce its earnings results before the market opens on Friday, July 26th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Avantor (NYSE:AVTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Avantor had a net margin of 3.79% and a return on equity of 13.01%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. On average, analysts expect Avantor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Avantor Stock Performance

Avantor stock opened at $22.35 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.05 and a current ratio of 1.61. Avantor has a fifty-two week low of $16.63 and a fifty-two week high of $26.16. The firm’s fifty day moving average price is $22.42 and its 200-day moving average price is $23.61. The stock has a market cap of $15.18 billion, a P/E ratio of 57.31, a price-to-earnings-growth ratio of 2.16 and a beta of 1.32.

Analysts Set New Price Targets

AVTR has been the topic of several recent research reports. Citigroup lowered shares of Avantor from a “buy” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $23.00 in a report on Wednesday, July 10th. Evercore ISI cut their price target on shares of Avantor from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Robert W. Baird cut their price target on shares of Avantor from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Avantor from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, April 18th. Finally, Barclays cut their price target on shares of Avantor from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.93.

Avantor Company Profile

Avantor, Inc engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.