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.
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