Analysts forecast that PolyOne Co. (NYSE:POL) will post $0.72 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for PolyOne’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.75. PolyOne posted earnings per share of $0.63 during the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The firm is expected to report its next earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that PolyOne will report full-year earnings of $2.57 per share for the current year, with EPS estimates ranging from $2.54 to $2.64. For the next fiscal year, analysts forecast that the firm will post earnings of $2.87 per share, with EPS estimates ranging from $2.80 to $3.09. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow PolyOne.
PolyOne (NYSE:POL) last issued its quarterly earnings results on Thursday, April 26th. The specialty chemicals company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. The firm had revenue of $901.60 million for the quarter, compared to analyst estimates of $870.60 million. PolyOne had a negative net margin of 1.73% and a positive return on equity of 32.45%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS.
POL has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of PolyOne from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. ValuEngine lowered shares of PolyOne from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. PolyOne presently has a consensus rating of “Hold” and an average target price of $45.29.
Shares of PolyOne traded down $0.20, reaching $43.02, during trading on Friday, MarketBeat.com reports. The company had a trading volume of 11,383 shares, compared to its average volume of 420,317. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.62 and a beta of 1.64. PolyOne has a 12 month low of $34.15 and a 12 month high of $47.48. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.81 and a quick ratio of 1.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Friday, June 15th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.63%. PolyOne’s dividend payout ratio (DPR) is 31.67%.
In other news, Director William Howard Powell sold 4,000 shares of the company’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $43.30, for a total value of $173,200.00. Following the completion of the sale, the director now owns 9,028 shares of the company’s stock, valued at approximately $390,912.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Avalon Advisors LLC boosted its position in PolyOne by 126.6% during the 1st quarter. Avalon Advisors LLC now owns 61,139 shares of the specialty chemicals company’s stock valued at $2,600,000 after buying an additional 34,160 shares during the period. Mount Yale Investment Advisors LLC purchased a new stake in PolyOne during the 1st quarter valued at $132,000. Cynosure Advisors LLC purchased a new stake in PolyOne during the 1st quarter valued at $374,000. Principal Financial Group Inc. boosted its position in PolyOne by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 404,668 shares of the specialty chemicals company’s stock valued at $17,206,000 after buying an additional 17,377 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. boosted its position in PolyOne by 12.7% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 509,434 shares of the specialty chemicals company’s stock valued at $21,661,000 after buying an additional 57,545 shares during the period. 91.96% of the stock is owned by institutional investors.
PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The company operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and PolyOne Distribution.
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