Avient Corporation's (NYSE: AVNT) shares reached a fresh 52-week high of $49.42 on Aug. 26 before closing at $48.64.
In the past year, the stock has appreciated 26% against the industry's 6.8% decline in the same period.
Image Source: Zacks Investment Research
What's Driving Avient?
Avient is optimistic about sustaining its strong momentum from the second quarter throughout the rest of 2024. The company remains committed to its growth strategy, focusing on delivering innovative materials and processing solutions that align with its sustainability goals while driving continued progress in the second half of the year.
In the second quarter, AVNT posted revenues of $849.7 million, surpassing the Zacks Consensus Estimate of $841.2 million. The figure marked an increase from $824.4 million in the same period last year.
Its second-quarter adjusted earnings per share of 76 cents also outperformed the Zacks Consensus Estimate of 72 cents. The upside was driven by growth across all regions ...
