Brokerages expect PolyOne Corporation (NYSE:POL) to post $793.58 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for PolyOne Corporation’s earnings, with estimates ranging from $775.00 million to $817.20 million. PolyOne Corporation posted sales of $843.60 million in the same quarter last year, which suggests a negative year-over-year growth rate of 5.9%. The firm is expected to announce its next quarterly earnings results on Wednesday, October 25th.
On average, analysts expect that PolyOne Corporation will report full-year sales of $793.58 million for the current year, with estimates ranging from $3.11 billion to $3.21 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.29 billion per share, with estimates ranging from $3.22 billion to $3.40 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow PolyOne Corporation.
PolyOne Corporation (NYSE:POL) last posted its quarterly earnings data on Tuesday, July 25th. The specialty chemicals company reported $0.63 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. PolyOne Corporation had a positive return on equity of 25.84% and a negative net margin of 1.75%. The company had revenue of $814.10 million during the quarter, compared to analyst estimates of $812.52 million. During the same period in the previous year, the business earned $0.59 EPS. PolyOne Corporation’s quarterly revenue was up 7.4% on a year-over-year basis.
A number of research firms have recently commented on POL. Zacks Investment Research raised shares of PolyOne Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Tuesday, May 23rd. TheStreet raised shares of PolyOne Corporation from a “c+” rating to a “b-” rating in a report on Monday, April 24th. BidaskClub downgraded shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a report on Monday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $38.00 price objective on shares of PolyOne Corporation in a report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. PolyOne Corporation presently has a consensus rating of “Hold” and an average price target of $39.33.
PolyOne Corporation (NYSE:POL) traded up 0.05% during midday trading on Friday, reaching $36.60. The company’s stock had a trading volume of 328,634 shares. The company’s 50-day moving average is $37.92 and its 200 day moving average is $35.92. The firm has a market capitalization of $2.99 billion, a P/E ratio of 17.43 and a beta of 1.71. PolyOne Corporation has a 52 week low of $28.77 and a 52 week high of $40.88.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, September 14th. PolyOne Corporation’s dividend payout ratio is currently -73.97%.
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A number of institutional investors have recently made changes to their positions in the stock. Advantus Capital Management Inc increased its position in shares of PolyOne Corporation by 1.0% in the first quarter. Advantus Capital Management Inc now owns 10,520 shares of the specialty chemicals company’s stock valued at $359,000 after buying an additional 108 shares in the last quarter. Oakbrook Investments LLC increased its position in shares of PolyOne Corporation by 2.5% in the second quarter. Oakbrook Investments LLC now owns 6,050 shares of the specialty chemicals company’s stock valued at $234,000 after buying an additional 150 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in shares of PolyOne Corporation by 0.5% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 36,761 shares of the specialty chemicals company’s stock valued at $1,253,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund increased its position in shares of PolyOne Corporation by 0.3% in the second quarter. Texas Permanent School Fund now owns 59,691 shares of the specialty chemicals company’s stock valued at $2,312,000 after buying an additional 201 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of PolyOne Corporation by 2.0% in the first quarter. Advisors Asset Management Inc. now owns 11,830 shares of the specialty chemicals company’s stock valued at $403,000 after buying an additional 231 shares in the last quarter. 95.82% of the stock is owned by hedge funds and other institutional investors.
PolyOne Corporation Company Profile
PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. Its segments include Color, Additives and Inks; Specialty Engineered Materials; Designed Structures and Solutions; 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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