Avantor (NYSE:AVTR) Posts Earnings Results, Beats Expectations By $0.05 EPS
Avantor (NYSE:AVTR) released its quarterly earnings data on Wednesday. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.05, MarketWatch Earnings reports. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company earned $0.14 EPS. Avantor’s quarterly revenue was down 3.5% on a year-over-year basis.
NYSE:AVTR traded up $2.37 during mid-day trading on Thursday, hitting $22.01. The stock had a trading volume of 115,494 shares, compared to its average volume of 4,433,258. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of -26.34, a PEG ratio of 1.45 and a beta of 2.01. Avantor has a twelve month low of $6.66 and a twelve month high of $19.96. The company’s 50 day simple moving average is $17.87 and its 200 day simple moving average is $16.45.
In other Avantor news, EVP Devashish Ohri sold 65,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $18.84, for a total value of $1,224,600.00. Following the transaction, the executive vice president now directly owns 181,671 shares of the company’s stock, valued at approximately $3,422,681.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jo Natauri sold 13,726,411 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $15.90, for a total transaction of $218,249,934.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,726,317 shares of company stock worth $552,420,898. Insiders own 1.90% of the company’s stock.
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.
Further Reading: Holder of Record
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