PolyOne Co. (NYSE:POL) – Analysts at Seaport Global Securities issued their Q1 2019 earnings per share estimates for shares of PolyOne in a research report issued on Wednesday. Seaport Global Securities analyst M. Harrison forecasts that the specialty chemicals company will earn $0.77 per share for the quarter. Seaport Global Securities also issued estimates for PolyOne’s Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.76 EPS and Q4 2019 earnings at $0.58 EPS.
POL has been the subject of a number of other research reports. Robert W. Baird lowered PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 target price for the company. in a research note on Tuesday. Zacks Investment Research lowered PolyOne from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine upgraded PolyOne from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. SunTrust Banks reiterated a “buy” rating and issued a $42.00 target price on shares of PolyOne in a research note on Friday, October 27th. Finally, KeyCorp set a $47.00 target price on PolyOne and gave the company a “buy” rating in a research note on Thursday, October 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $44.57.
PolyOne (NYSE:POL) traded up $1.04 during trading on Friday, hitting $44.77. The stock had a trading volume of 371,331 shares, compared to its average volume of 375,400. The stock has a market cap of $3,589.32, a P/E ratio of -58.91, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. 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 has a 52 week low of $31.68 and a 52 week high of $46.79.
PolyOne (NYSE:POL) last released its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $818.50 million for the quarter, compared to the consensus estimate of $789.32 million. PolyOne had a positive return on equity of 27.77% and a negative net margin of 1.87%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS.
Several hedge funds have recently bought and sold shares of the company. State Street Corp grew its stake in shares of PolyOne by 3.2% in the second quarter. State Street Corp now owns 2,778,681 shares of the specialty chemicals company’s stock valued at $107,643,000 after buying an additional 86,473 shares in the last quarter. Wells Fargo & Company MN grew its stake in PolyOne by 11.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,343,438 shares of the specialty chemicals company’s stock valued at $93,808,000 after purchasing an additional 246,918 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in PolyOne by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,099,348 shares of the specialty chemicals company’s stock valued at $84,039,000 after purchasing an additional 30,766 shares in the last quarter. Channing Capital Management LLC grew its stake in PolyOne by 0.9% during the 3rd quarter. Channing Capital Management LLC now owns 2,023,226 shares of the specialty chemicals company’s stock valued at $80,990,000 after purchasing an additional 17,745 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in PolyOne by 42.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,673,185 shares of the specialty chemicals company’s stock valued at $66,978,000 after purchasing an additional 500,506 shares in the last quarter. Institutional investors and hedge funds own 93.67% of the company’s stock.
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PolyOne 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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