Q3 2024 EPS Estimates for Avantor, Inc. (NYSE:AVTR) Lowered by Analyst

Avantor, Inc. (NYSE:AVTR) – Research analysts at William Blair decreased their Q3 2024 EPS estimates for shares of Avantor in a research report issued on Monday, April 29th. William Blair analyst M. Larew now expects that the company will post earnings per share of $0.26 for the quarter, down from their previous estimate of $0.27. The consensus estimate for Avantor’s current full-year earnings is $1.01 per share. William Blair also issued estimates for Avantor’s Q1 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $1.28 EPS.

Avantor (NYSE:AVTR) last announced its quarterly earnings results 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. Avantor had a net margin of 3.79% and a return on equity of 13.15%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year.

AVTR has been the subject of several other research reports. Evercore ISI increased their price objective on shares of Avantor from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Barclays increased their price objective on shares of Avantor from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Royal Bank of Canada increased their price objective on shares of Avantor from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. UBS Group increased their price objective on shares of Avantor from $25.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Raymond James increased their price objective on shares of Avantor from $22.50 to $26.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.71.

Avantor Price Performance

Shares of NYSE AVTR opened at $24.23 on Tuesday. Avantor has a fifty-two week low of $16.63 and a fifty-two week high of $26.16. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of 62.13, a PEG ratio of 2.44 and a beta of 1.37. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.05 and a current ratio of 1.61. The firm’s 50-day simple moving average is $25.09 and its 200 day simple moving average is $22.68.

Insider Activity at Avantor

In related news, EVP James Bramwell sold 6,203 shares of Avantor stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 directly owns 101,143 shares in the company, valued at approximately $2,476,992.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Raymond James & Associates boosted its holdings in Avantor by 84.8% in the 4th quarter. Raymond James & Associates now owns 1,165,646 shares of the company’s stock valued at $26,612,000 after purchasing an additional 534,901 shares during the period. Federated Hermes Inc. boosted its holdings in Avantor by 19.9% in the 4th quarter. Federated Hermes Inc. now owns 628,189 shares of the company’s stock valued at $14,342,000 after purchasing an additional 104,296 shares during the period. DAVENPORT & Co LLC boosted its holdings in Avantor by 17.6% in the 4th quarter. DAVENPORT & Co LLC now owns 2,283,767 shares of the company’s stock valued at $52,430,000 after purchasing an additional 342,452 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Avantor by 8.4% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,508,557 shares of the company’s stock valued at $57,269,000 after purchasing an additional 194,031 shares during the period. Finally, Northern Trust Corp boosted its holdings in Avantor by 9.0% in the 3rd quarter. Northern Trust Corp now owns 4,129,447 shares of the company’s stock valued at $87,049,000 after purchasing an additional 342,553 shares during the period. 95.08% of the stock is currently owned by hedge funds and other institutional investors.

About Avantor

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.