Avient Announces Fourth Quarter and Full Year 2023 Results

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Morgan Stanley on Avient Corp. (AVNT): 'We expect a largely neutral response to results and outlook'

February 14, 2024 7:45 AM EST

Morgan Stanley analyst Angel Castillo reiterated an Equalweight rating and $40.00 price target on Avient Corp. (NYSE: AVNT)

The analyst comments "We expect a largely neutral response to results and outlook. Avient's 4Q EBITDA of $114 million came in above MSe of $110 million and consensus of $112 million. While 1Q EPS guidance of $0.68 is above consensus of $0.58,... More

Avient Corporation (AVNT) Tops Q4 EPS by 4c, Beats on Revenue; Offers FY24 EPS Guidance

February 14, 2024 6:17 AM EST

Avient Corporation (NYSE: AVNT) reported Q4 EPS of $0.52, $0.04 better than the analyst estimate of $0.48. Revenue for the quarter came in at $719 million versus the consensus estimate of $709.92 million.

GUIDANCE:

Avient Corporation sees FY2024 EPS of $2.40-$2.65, versus the consensus of... More