Analysts forecast that PolyOne Co. (NYSE:POL) will announce earnings of $0.39 per share for the current quarter, Zacks reports. Four analysts have issued estimates for PolyOne’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.42. PolyOne reported earnings per share of $0.38 during the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The business is scheduled to report its next quarterly earnings results on Friday, January 26th.
According to Zacks, analysts expect that PolyOne will report full year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.22. For the next fiscal year, analysts forecast that the business will post earnings of $2.49 per share, with EPS estimates ranging from $2.40 to $2.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for PolyOne.
PolyOne (NYSE:POL) last released its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. PolyOne had a negative net margin of 1.87% and a positive return on equity of 27.77%. The business had revenue of $818.50 million during the quarter, compared to analysts’ expectations of $789.32 million. During the same period last year, the business earned $0.55 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis.
Several research firms recently weighed in on POL. Robert W. Baird reissued a “buy” rating and issued a $42.00 target price on shares of PolyOne in a research note on Thursday, October 12th. Zacks Investment Research raised shares of PolyOne from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. KeyCorp set a $47.00 price objective on shares of PolyOne and gave the stock a “buy” rating in a research report on Thursday, October 26th. Jefferies Group reaffirmed a “hold” rating and set a $42.00 price objective on shares of PolyOne in a research report on Thursday, October 19th. Finally, ValuEngine raised shares of PolyOne from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $44.00.
A number of hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. boosted its position in PolyOne by 2.6% during the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 84 shares during the period. Amalgamated Bank lifted its holdings in shares of PolyOne by 1.5% during the second quarter. Amalgamated Bank now owns 11,704 shares of the specialty chemicals company’s stock worth $453,000 after buying an additional 175 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of PolyOne by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock worth $157,000 after buying an additional 317 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of PolyOne by 2.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 14,510 shares of the specialty chemicals company’s stock worth $511,000 after buying an additional 350 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of PolyOne by 0.8% during the second quarter. PNC Financial Services Group Inc. now owns 84,811 shares of the specialty chemicals company’s stock worth $3,286,000 after buying an additional 707 shares in the last quarter. 93.67% of the stock is owned by hedge funds and other institutional investors.
PolyOne (NYSE POL) opened at $45.75 on Tuesday. PolyOne has a 52 week low of $31.68 and a 52 week high of $46.79. The company has a quick ratio of 1.38, a current ratio of 1.96 and a debt-to-equity ratio of 2.32. The firm has a market cap of $3,700.00, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.85 and a beta of 1.83.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.53%. This is a boost from PolyOne’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, December 14th. PolyOne’s payout ratio is 33.49%.
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PolyOne Company Profile
PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.
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