Analysts expect PolyOne Co. (NYSE:POL) to post earnings of $0.66 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for PolyOne’s earnings, with estimates ranging from $0.61 to $0.68. PolyOne posted earnings per share of $0.68 during the same quarter last year, which indicates a negative year over year growth rate of 2.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 25th.
According to Zacks, analysts expect that PolyOne will report full-year earnings of $2.57 per share for the current fiscal year, with EPS estimates ranging from $2.44 to $2.61. For the next fiscal year, analysts forecast that the business will post earnings of $2.90 per share, with EPS estimates ranging from $2.85 to $3.03. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover PolyOne.
PolyOne (NYSE:POL) last released its earnings results on Tuesday, January 29th. The specialty chemicals company reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. PolyOne had a net margin of 4.52% and a return on equity of 33.46%. The company had revenue of $834.00 million for the quarter, compared to the consensus estimate of $821.90 million. During the same quarter in the previous year, the firm earned $0.41 EPS. PolyOne’s revenue was up 4.2% compared to the same quarter last year.
Several equities analysts have commented on the stock. ValuEngine lowered shares of PolyOne from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Wellington Shields downgraded PolyOne from a “gradually accumulate” rating to a “hold” rating in a report on Wednesday, October 24th. Buckingham Research started coverage on PolyOne in a report on Tuesday, February 5th. They issued a “buy” rating and a $32.40 target price for the company. Zacks Investment Research downgraded PolyOne from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Oppenheimer dropped their price objective on PolyOne from $50.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.08.
Shares of POL traded up $0.05 during mid-day trading on Monday, reaching $31.54. The stock had a trading volume of 682,482 shares, compared to its average volume of 510,989. The firm has a market capitalization of $2.51 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.24 and a beta of 1.73. PolyOne has a 52-week low of $26.16 and a 52-week high of $45.70. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 2.47.
Large investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of PolyOne by 2.8% during the 3rd quarter. BlackRock Inc. now owns 9,596,508 shares of the specialty chemicals company’s stock worth $419,559,000 after purchasing an additional 257,540 shares during the period. Victory Capital Management Inc. grew its holdings in shares of PolyOne by 0.8% during the 3rd quarter. Victory Capital Management Inc. now owns 1,458,407 shares of the specialty chemicals company’s stock worth $63,761,000 after purchasing an additional 11,350 shares during the period. Trexquant Investment LP purchased a new stake in shares of PolyOne during the 3rd quarter worth about $279,000. Millennium Management LLC lifted its position in PolyOne by 28.1% during the 2nd quarter. Millennium Management LLC now owns 188,511 shares of the specialty chemicals company’s stock worth $8,147,000 after acquiring an additional 41,380 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in PolyOne by 8.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 116,797 shares of the specialty chemicals company’s stock worth $5,106,000 after acquiring an additional 9,200 shares in the last quarter. Institutional investors and hedge funds own 93.02% of the company’s stock.
PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The company operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and PolyOne Distribution.
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