PolyOne Co. (POL) Expected to Post Earnings of $0.66 Per Share

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.

About PolyOne

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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