Equities analysts predict that PolyOne Co. (NYSE:POL) will report $0.26 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for PolyOne’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.26. PolyOne posted earnings of $0.41 per share during the same quarter last year, which would indicate a negative year over year growth rate of 36.6%. The business is scheduled to announce its next earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that PolyOne will report full-year earnings of $1.71 per share for the current financial year, with EPS estimates ranging from $1.61 to $2.08. For the next year, analysts expect that the firm will report earnings of $1.79 per share, with EPS estimates ranging from $1.70 to $1.89. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow PolyOne.
PolyOne (NYSE:POL) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. PolyOne had a net margin of 4.03% and a return on equity of 30.57%. The business had revenue of $705.00 million for the quarter, compared to analyst estimates of $721.91 million. During the same period in the prior year, the business posted $0.62 earnings per share. PolyOne’s revenue was down 3.3% compared to the same quarter last year.
Several research firms have weighed in on POL. Robert W. Baird upgraded shares of PolyOne from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $36.00 in a report on Monday, July 22nd. Wells Fargo & Co began coverage on shares of PolyOne in a report on Tuesday, October 15th. They issued a “market perform” rating and a $35.00 target price on the stock. ValuEngine upgraded shares of PolyOne from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Zacks Investment Research lowered shares of PolyOne from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, TheStreet upgraded shares of PolyOne from a “c+” rating to a “b-” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $34.71.
Several hedge funds have recently modified their holdings of POL. Nuveen Asset Management LLC bought a new stake in shares of PolyOne during the second quarter worth $31,150,000. Victory Capital Management Inc. increased its position in shares of PolyOne by 71.4% during the second quarter. Victory Capital Management Inc. now owns 2,280,943 shares of the specialty chemicals company’s stock worth $71,599,000 after acquiring an additional 950,280 shares in the last quarter. BlackRock Inc. increased its position in shares of PolyOne by 5.2% during the second quarter. BlackRock Inc. now owns 9,859,150 shares of the specialty chemicals company’s stock worth $309,478,000 after acquiring an additional 491,079 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of PolyOne by 61.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,152,501 shares of the specialty chemicals company’s stock worth $36,177,000 after acquiring an additional 438,560 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of PolyOne by 74.9% during the second quarter. Prudential Financial Inc. now owns 967,990 shares of the specialty chemicals company’s stock worth $30,386,000 after acquiring an additional 414,540 shares in the last quarter. 92.33% of the stock is owned by institutional investors.
NYSE POL remained flat at $$33.48 during trading hours on Tuesday. 229,845 shares of the company traded hands, compared to its average volume of 580,603. The stock has a fifty day moving average of $32.25 and a two-hundred day moving average of $30.29. PolyOne has a fifty-two week low of $24.47 and a fifty-two week high of $35.30. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 2.06 and a beta of 1.70. The company has a quick ratio of 1.43, a current ratio of 1.88 and a debt-to-equity ratio of 2.45.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Friday, December 13th will be given a dividend of $0.203 per share. This is an increase from PolyOne’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 12th. This represents a $0.81 annualized dividend and a dividend yield of 2.43%. 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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