Avantor (NYSE:AVTR) Posts Earnings Results, Beats Estimates By $0.02 EPS

Avantor (NYSE:AVTR) announced its earnings results on Friday. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02, Briefing.com reports. Avantor had a return on equity of 14.11% and a net margin of 4.61%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue was down 5.6% on a year-over-year basis.

Avantor Trading Down 4.8 %

NYSE AVTR traded down $1.21 during trading on Friday, hitting $23.94. The stock had a trading volume of 14,185,165 shares, compared to its average volume of 4,145,237. The company has a market capitalization of $16.24 billion, a PE ratio of 49.88, a PEG ratio of 2.56 and a beta of 1.37. The company has a quick ratio of 1.05, a current ratio of 1.61 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average price of $25.08 and a 200 day moving average price of $22.61. Avantor has a twelve month low of $16.63 and a twelve month high of $26.16.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays raised their price objective on Avantor from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Raymond James raised their price objective on Avantor from $22.50 to $26.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Citigroup raised their price objective on Avantor from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 15th. UBS Group raised their price objective on Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Avantor from $23.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Insider Buying and Selling at Avantor

In other news, EVP James Bramwell sold 6,203 shares of Avantor stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $24.49, for a total value of $151,911.47. Following the completion of the transaction, the executive vice president now owns 101,143 shares in the company, valued at approximately $2,476,992.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by corporate insiders.

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.