Q3 2022 Earnings Forecast for Avantor, Inc. Issued By William Blair (NYSE:AVTR)

Avantor, Inc. (NYSE:AVTRGet Rating) – Equities research analysts at William Blair decreased their Q3 2022 earnings per share (EPS) estimates for Avantor in a note issued to investors on Thursday, September 15th. William Blair analyst B. Weinstein now forecasts that the company will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.35. The consensus estimate for Avantor’s current full-year earnings is $1.46 per share. William Blair also issued estimates for Avantor’s FY2022 earnings at $1.43 EPS, Q1 2023 earnings at $0.36 EPS, Q2 2023 earnings at $0.39 EPS, Q3 2023 earnings at $0.41 EPS, Q4 2023 earnings at $0.43 EPS and FY2023 earnings at $1.58 EPS.

Avantor (NYSE:AVTRGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.98 billion. Avantor had a return on equity of 27.14% and a net margin of 8.27%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share.

A number of other equities research analysts have also recently issued reports on the company. Citigroup cut their target price on Avantor from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday. Robert W. Baird cut their target price on Avantor from $44.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, August 1st. Credit Suisse Group assumed coverage on Avantor in a research note on Wednesday, August 24th. They issued a “neutral” rating and a $32.00 target price on the stock. Barclays cut their target price on Avantor from $33.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, September 12th. Finally, KeyCorp lowered their price target on Avantor from $51.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.85.

Avantor Stock Performance

AVTR stock opened at $22.48 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.05 and a current ratio of 1.64. The stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.05 and a beta of 1.34. Avantor has a 1 year low of $22.33 and a 1 year high of $44.37. The stock’s fifty day moving average is $27.66 and its two-hundred day moving average is $30.49.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Waratah Capital Advisors Ltd. grew its holdings in Avantor by 93.3% during the fourth quarter. Waratah Capital Advisors Ltd. now owns 509,213 shares of the company’s stock worth $21,458,000 after acquiring an additional 245,803 shares during the period. Comerica Bank grew its holdings in Avantor by 36.4% during the first quarter. Comerica Bank now owns 375,575 shares of the company’s stock worth $12,293,000 after acquiring an additional 100,242 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Avantor by 21.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 446,015 shares of the company’s stock worth $15,374,000 after acquiring an additional 78,513 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Avantor by 6.7% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 135,979 shares of the company’s stock valued at $4,599,000 after purchasing an additional 8,564 shares during the period. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Avantor in the 1st quarter valued at $201,000. 81.22% of the stock is owned by institutional investors and hedge funds.

Avantor Company Profile

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Avantor, Inc provides products and services to customers in 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.

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Earnings History and Estimates for Avantor (NYSE:AVTR)

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