Analysts expect PolyOne Corporation (NYSE:POL) to announce $740.70 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for PolyOne Corporation’s earnings. The lowest sales estimate is $724.20 million and the highest is $763.40 million. PolyOne Corporation posted sales of $787.70 million in the same quarter last year, which would indicate a negative year over year growth rate of 6%. The firm is scheduled to issue its next quarterly earnings results on Friday, January 26th.
On average, analysts expect that PolyOne Corporation will report full-year sales of $740.70 million for the current financial year, with estimates ranging from $3.14 billion to $3.26 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.31 billion per share, with estimates ranging from $3.25 billion to $3.39 billion. Zacks’ sales averages are an average based on a survey of research firms that cover PolyOne Corporation.
PolyOne Corporation (NYSE:POL) last released its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The business had revenue of $818.50 million during the quarter, compared to analysts’ expectations of $789.32 million. PolyOne Corporation had a positive return on equity of 27.77% and a negative net margin of 1.87%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS.
Several research firms have recently issued reports on POL. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $42.00 price objective on shares of PolyOne Corporation in a research report on Friday, October 27th. Zacks Investment Research raised PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp set a $47.00 target price on PolyOne Corporation and gave the company a “buy” rating in a report on Thursday, October 26th. Jefferies Group LLC reissued a “hold” rating and issued a $42.00 target price on shares of PolyOne Corporation in a report on Thursday, October 19th. Finally, Robert W. Baird reissued a “buy” rating and issued a $42.00 target price on shares of PolyOne Corporation in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.17.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in POL. Acrospire Investment Management LLC grew its holdings in shares of PolyOne Corporation by 85.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock worth $101,000 after acquiring an additional 1,200 shares during the period. Advisor Group Inc. grew its holdings in PolyOne Corporation by 2.6% during the 2nd quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock valued at $126,000 after buying an additional 84 shares during the last quarter. Quantbot Technologies LP acquired a new stake in PolyOne Corporation during the 2nd quarter valued at $143,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in PolyOne Corporation by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock valued at $157,000 after buying an additional 317 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in PolyOne Corporation by 215.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,249 shares of the specialty chemicals company’s stock valued at $165,000 after buying an additional 2,900 shares during the last quarter. Institutional investors own 96.39% of the company’s stock.
PolyOne Corporation (NYSE:POL) traded up $0.07 during trading hours on Monday, hitting $44.81. The stock had a trading volume of 280,000 shares, compared to its average volume of 490,565. The firm has a market cap of $3,620.84, a PE ratio of 20.56, a P/E/G ratio of 2.06 and a beta of 1.85. PolyOne Corporation has a twelve month low of $31.68 and a twelve month high of $46.59. The company has a current ratio of 1.96, a quick ratio of 1.38 and a debt-to-equity ratio of 2.32.
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 paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from PolyOne Corporation’s previous quarterly dividend of $0.14. This represents a $0.70 annualized dividend and a yield of 1.56%. PolyOne Corporation’s dividend payout ratio is currently -71.05%.
PolyOne Corporation 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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