Wall Street analysts expect PolyOne Co. (NYSE:POL) to post $740.70 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for PolyOne’s earnings, with the highest sales estimate coming in at $763.40 million and the lowest estimate coming in at $724.20 million. PolyOne posted sales of $787.70 million in the same quarter last year, which suggests a negative year over year growth rate of 6%. The firm is scheduled to issue its next earnings report before the market opens on Friday, January 26th.
According to Zacks, analysts expect that PolyOne will report full-year sales of $740.70 million for the current financial year, with estimates ranging from $3.14 billion to $3.26 billion. For the next year, analysts anticipate that the company will post sales of $3.31 billion per share, with estimates ranging from $3.25 billion to $3.39 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover PolyOne.
PolyOne (NYSE:POL) last announced its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. The company had revenue of $818.50 million for the quarter, compared to analysts’ expectations of $789.32 million. PolyOne had a negative net margin of 1.87% and a positive return on equity of 27.77%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 EPS.
A number of research firms recently weighed in on POL. SunTrust Banks restated a “buy” rating and set a $42.00 target price on shares of PolyOne in a research note on Friday, October 27th. Jefferies Group restated a “hold” rating and set a $42.00 target price on shares of PolyOne in a research note on Thursday, October 19th. ValuEngine raised PolyOne from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised PolyOne from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, Robert W. Baird reissued a “buy” rating and issued a $42.00 price objective on shares of PolyOne in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $44.00.
A number of hedge funds have recently bought and sold shares of POL. Acrospire Investment Management LLC increased its holdings in shares of PolyOne by 85.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock valued at $101,000 after acquiring an additional 1,200 shares during the last quarter. Advisor Group Inc. boosted its position in PolyOne by 2.6% during the 2nd quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock worth $126,000 after acquiring an additional 84 shares during the period. Quantbot Technologies LP acquired a new position in PolyOne during the 2nd quarter worth $143,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in PolyOne by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock worth $157,000 after acquiring an additional 317 shares during the period. Finally, World Asset Management Inc acquired a new position in PolyOne during the 3rd quarter worth $209,000. Institutional investors own 93.67% of the company’s stock.
PolyOne (POL) opened at $45.16 on Thursday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.96 and a quick ratio of 1.38. The company has a market cap of $3,700.00, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.85 and a beta of 1.83. PolyOne has a 1 year low of $31.68 and a 1 year high of $46.79.
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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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