PolyOne Corporation (NYSE:POL) – Equities researchers at KeyCorp dropped their Q4 2017 earnings per share estimates for shares of PolyOne Corporation in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst M. Sison now anticipates that the specialty chemicals company will post earnings of $0.40 per share for the quarter, down from their prior estimate of $0.43. KeyCorp has a “Buy” rating and a $47.00 price objective on the stock.
Several other research firms have also issued reports on POL. Zacks Investment Research upgraded shares of PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. BidaskClub upgraded shares of PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 14th. CIBC assumed coverage on shares of PolyOne Corporation in a report on Thursday, August 17th. They set an “outperform” rating and a $43.00 target price for the company. Jefferies Group LLC reiterated a “hold” rating and set a $42.00 target price on shares of PolyOne Corporation in a report on Friday, September 15th. Finally, Robert W. Baird reiterated a “buy” rating and set a $42.00 target price on shares of PolyOne Corporation in a report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. PolyOne Corporation has an average rating of “Buy” and an average price target of $43.17.
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PolyOne Corporation (POL) traded down $0.42 during midday trading on Friday, reaching $45.20. 321,900 shares of the company’s stock traded hands, compared to its average volume of 494,511. The company has a current ratio of 1.96, a quick ratio of 1.38 and a debt-to-equity ratio of 2.32. PolyOne Corporation has a twelve month low of $31.21 and a twelve month high of $46.59. The stock has a market capitalization of $3,685.48, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 2.10 and a beta of 1.85.
PolyOne Corporation (NYSE:POL) last released its earnings results 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. PolyOne Corporation had a positive return on equity of 27.77% and a negative net margin of 1.87%. The business had revenue of $818.50 million for the quarter, compared to analysts’ expectations of $789.32 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis.
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 issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from PolyOne Corporation’s previous quarterly dividend of $0.14. This represents a $0.70 annualized dividend and a yield of 1.55%. PolyOne Corporation’s dividend payout ratio (DPR) is -71.05%.
Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in PolyOne Corporation by 19.8% in the first quarter. Legal & General Group Plc now owns 78,003 shares of the specialty chemicals company’s stock worth $2,659,000 after buying an additional 12,873 shares during the period. Victory Capital Management Inc. lifted its holdings in PolyOne Corporation by 27,668.9% in the second quarter. Victory Capital Management Inc. now owns 1,172,679 shares of the specialty chemicals company’s stock worth $45,429,000 after buying an additional 1,168,456 shares during the period. Keybank National Association OH purchased a new stake in PolyOne Corporation in the second quarter worth about $1,240,000. Strs Ohio lifted its holdings in PolyOne Corporation by 6.0% in the second quarter. Strs Ohio now owns 8,800 shares of the specialty chemicals company’s stock worth $340,000 after buying an additional 500 shares during the period. Finally, WBI Investments Inc. lifted its holdings in PolyOne Corporation by 13.7% in the second quarter. WBI Investments Inc. now owns 23,084 shares of the specialty chemicals company’s stock worth $894,000 after buying an additional 2,783 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.
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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