PolyOne Corporation (NYSE:POL) Announces Quarterly Earnings Results

PolyOne Corporation (NYSE:POL) announced its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03, Bloomberg Earnings reports. The business had revenue of $818.50 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share.

PolyOne Corporation (NYSE POL) traded down $0.42 during trading hours on Friday, hitting $45.20. The company had a trading volume of 321,900 shares, compared to its average volume of 494,511. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.38 and a current ratio of 1.96. PolyOne Corporation has a fifty-two week low of $31.21 and a fifty-two week high of $46.59. The firm has a market capitalization of $3,685.48, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.10 and a beta of 1.85.

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. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from PolyOne Corporation’s previous quarterly dividend of $0.14. PolyOne Corporation’s payout ratio is currently -71.05%.

A number of research firms have issued reports on POL. SunTrust Banks, Inc. reissued a “buy” rating and set a $42.00 price target 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 research report on Friday, October 27th. KeyCorp set a $47.00 price target on PolyOne Corporation and gave the company a “buy” rating in a research report on Thursday, October 26th. Robert W. Baird reissued a “buy” rating and set a $42.00 price target on shares of PolyOne Corporation in a research report on Thursday, October 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $42.00 price target on shares of PolyOne Corporation in a research report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. PolyOne Corporation currently has a consensus rating of “Buy” and an average target price of $43.17.

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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.

Earnings History for PolyOne Corporation (NYSE:POL)

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