Brokerages expect that PolyOne Co. (NYSE:POL) will report earnings per share (EPS) of $0.26 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for PolyOne’s earnings, with estimates ranging from $0.26 to $0.27. PolyOne posted earnings per share of $0.41 during the same quarter last year, which would indicate a negative year over year growth rate of 36.6%. The company is expected to report its next quarterly earnings results on Tuesday, February 4th.
On average, analysts expect that PolyOne will report full year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.62. For the next fiscal year, analysts forecast that the firm will report earnings of $1.79 per share, with EPS estimates ranging from $1.70 to $1.89. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for PolyOne.
PolyOne (NYSE:POL) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $705.00 million during the quarter, compared to analyst estimates of $721.91 million. PolyOne had a return on equity of 30.57% and a net margin of 4.03%. PolyOne’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share.
Several brokerages have recently weighed in on POL. ValuEngine lowered shares of PolyOne from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Co initiated coverage on shares of PolyOne in a research report on Tuesday, October 15th. They issued a “market perform” rating and a $35.00 price target for the company. Finally, Zacks Investment Research lowered shares of PolyOne from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. PolyOne presently has a consensus rating of “Buy” and an average target price of $34.71.
Several large investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of PolyOne by 24,667.3% during the first quarter. FMR LLC now owns 243,463 shares of the specialty chemicals company’s stock worth $7,136,000 after buying an additional 242,480 shares during the last quarter. First Trust Advisors LP lifted its position in shares of PolyOne by 253.4% during the 1st quarter. First Trust Advisors LP now owns 67,492 shares of the specialty chemicals company’s stock worth $1,978,000 after buying an additional 48,396 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in PolyOne in the second quarter valued at about $203,000. HM Capital Management LLC acquired a new stake in PolyOne in the second quarter valued at about $210,000. Finally, Arizona State Retirement System boosted its stake in PolyOne by 1.2% in the second quarter. Arizona State Retirement System now owns 56,476 shares of the specialty chemicals company’s stock valued at $1,773,000 after buying an additional 667 shares in the last quarter. Institutional investors own 91.93% of the company’s stock.
Shares of POL stock traded up $0.07 during mid-day trading on Thursday, reaching $30.98. The company’s stock had a trading volume of 453,200 shares, compared to its average volume of 562,989. The firm’s 50-day moving average is $32.35 and its two-hundred day moving average is $30.93. The company has a market cap of $2.43 billion, a P/E ratio of 12.75, a PEG ratio of 1.96 and a beta of 1.69. PolyOne has a 1-year low of $24.47 and a 1-year high of $35.30. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.43 and a current ratio of 1.88.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.203 per share. This is a positive change from PolyOne’s previous quarterly dividend of $0.20. This represents a $0.81 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, December 12th. PolyOne’s dividend payout ratio is currently 32.10%.
PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.
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