Research Analysts Offer Predictions for PolyOne Co.’s Q1 2019 Earnings (NYSE:POL)

PolyOne Co. (NYSE:POL) – Equities researchers at Seaport Global Securities issued their Q1 2019 earnings per share estimates for PolyOne in a report issued on Wednesday, according to Zacks Investment Research. Seaport Global Securities analyst M. Harrison anticipates that the specialty chemicals company will post earnings of $0.77 per share for the quarter. Seaport Global Securities also issued estimates for PolyOne’s Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.76 EPS and Q4 2019 earnings at $0.58 EPS.

PolyOne (NYSE:POL) last announced its quarterly earnings data on Friday, January 26th. The specialty chemicals company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. PolyOne had a positive return on equity of 29.46% and a negative net margin of 1.73%. The company had revenue of $801.00 million during the quarter, compared to analysts’ expectations of $739.77 million. During the same quarter last year, the company earned $0.38 EPS. PolyOne’s revenue for the quarter was up 1.7% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on the stock. Oppenheimer restated a “buy” rating and set a $47.00 price objective on shares of PolyOne in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of PolyOne from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, January 23rd. 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. ValuEngine upgraded shares of PolyOne from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, SunTrust Banks restated a “buy” rating and set a $42.00 price objective on shares of PolyOne in a research report on Friday, October 27th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $45.71.

Shares of PolyOne (POL) traded up $0.10 during trading hours on Friday, reaching $40.42. 677,055 shares of the company traded hands, compared to its average volume of 464,344. PolyOne has a twelve month low of $32.43 and a twelve month high of $47.48. The firm has a market cap of $3,266.10, a P/E ratio of -57.74, a P/E/G ratio of 1.55 and a beta of 1.75. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.87 and a quick ratio of 1.29.

Several institutional investors and hedge funds have recently made changes to their positions in POL. State Street Corp increased its stake in PolyOne by 3.2% in the second quarter. State Street Corp now owns 2,778,681 shares of the specialty chemicals company’s stock valued at $107,643,000 after acquiring an additional 86,473 shares during the last quarter. Wells Fargo & Company MN increased its stake in PolyOne by 11.8% in the third quarter. Wells Fargo & Company MN now owns 2,343,438 shares of the specialty chemicals company’s stock valued at $93,808,000 after acquiring an additional 246,918 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in PolyOne by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,099,348 shares of the specialty chemicals company’s stock valued at $84,039,000 after acquiring an additional 30,766 shares during the last quarter. Channing Capital Management LLC increased its stake in PolyOne by 0.9% in the third quarter. Channing Capital Management LLC now owns 2,023,226 shares of the specialty chemicals company’s stock valued at $80,990,000 after acquiring an additional 17,745 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in PolyOne by 42.7% in the third quarter. Victory Capital Management Inc. now owns 1,673,185 shares of the specialty chemicals company’s stock valued at $66,978,000 after acquiring an additional 500,506 shares during the last quarter. 92.70% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for PolyOne (NYSE:POL)

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