Wall Street analysts expect that PolyOne Co. (NYSE:POL) will report earnings per share (EPS) of $0.65 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for PolyOne’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.68. PolyOne reported earnings per share of $0.68 in the same quarter last year, which suggests a negative year-over-year growth rate of 4.4%. The company is scheduled to announce its next earnings results before the market opens on Wednesday, April 17th.
According to Zacks, analysts expect that PolyOne will report full year earnings of $2.56 per share for the current financial year, with EPS estimates ranging from $2.44 to $2.68. For the next financial year, analysts expect that the business will report earnings of $2.91 per share, with EPS estimates ranging from $2.70 to $3.20. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover PolyOne.
PolyOne (NYSE:POL) last announced its earnings results on Tuesday, January 29th. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $834.00 million for the quarter, compared to analysts’ expectations of $821.90 million. PolyOne had a net margin of 4.52% and a return on equity of 33.46%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS.
A number of analysts have recently weighed in on the stock. Buckingham Research initiated coverage on shares of PolyOne in a research note on Tuesday, February 5th. They issued a “buy” rating and a $32.40 price objective on the stock. Zacks Investment Research downgraded shares of PolyOne from a “hold” rating to a “sell” rating in a research note on Saturday, February 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.08.
NYSE:POL opened at $30.87 on Friday. The company has a market cap of $2.37 billion, a P/E ratio of 12.70, a PEG ratio of 1.20 and a beta of 1.71. PolyOne has a 52 week low of $26.16 and a 52 week high of $45.70. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.79 and a quick ratio of 1.17.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.78 dividend on an annualized basis and a yield of 2.53%. PolyOne’s payout ratio is currently 32.10%.
Large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of PolyOne during the 4th quarter worth about $28,638,000. Oregon Public Employees Retirement Fund grew its position in PolyOne by 2,760.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 902,816 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 871,249 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of PolyOne by 5,062.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 480,600 shares of the specialty chemicals company’s stock worth $13,745,000 after buying an additional 471,290 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of PolyOne by 13.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,330,555 shares of the specialty chemicals company’s stock worth $38,053,000 after buying an additional 153,732 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of PolyOne during the fourth quarter worth approximately $4,133,000. 93.53% of the stock is currently owned by institutional investors and hedge funds.
PolyOne Company Profile
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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