Avanos Medical (NYSE:AVNS) Updates FY 2024 Earnings Guidance

Avanos Medical (NYSE:AVNS) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.300-1.350 for the period, compared to the consensus earnings per share estimate of 1.390. The company issued revenue guidance of $683.0 million-$688.0 million, compared to the consensus revenue estimate of $695.2 million.

Avanos Medical Stock Up 0.2 %

Avanos Medical stock traded up $0.03 during mid-day trading on Friday, hitting $18.71. The company’s stock had a trading volume of 441,974 shares, compared to its average volume of 237,900. The firm’s 50 day moving average is $23.23 and its 200 day moving average is $21.48. The company has a market cap of $859.72 million, a PE ratio of 54.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.22 and a quick ratio of 1.49. Avanos Medical has a 52-week low of $17.39 and a 52-week high of $25.36.

Avanos Medical (NYSE:AVNS) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Avanos Medical had a return on equity of 4.70% and a net margin of 2.30%. The company had revenue of $170.40 million during the quarter, compared to the consensus estimate of $175.03 million. On average, analysts anticipate that Avanos Medical will post 1.33 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Avanos Medical from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 26th.

About Avanos Medical

Avanos Medical, Inc, a medical technology company, offers medical device solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers a portfolio of chronic care products that include digestive health products, such as Mic-Key enteral feeding tubes, Corpak patient feeding solutions, and NeoMed neonatal and pediatric feeding solutions.