PolyOne Co. (POL) Expected to Announce Earnings of $0.69 Per Share

Equities research analysts predict that PolyOne Co. (NYSE:POL) will report $0.69 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for PolyOne’s earnings. The highest EPS estimate is $0.74 and the lowest is $0.67. PolyOne posted earnings of $0.71 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 2.8%. The company is expected to announce its next earnings report on Tuesday, July 23rd.

On average, analysts expect that PolyOne will report full-year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.44 to $2.68. For the next financial year, analysts forecast that the company will report earnings of $2.83 per share, with EPS estimates ranging from $2.65 to $3.20. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for PolyOne.

PolyOne (NYSE:POL) last released its quarterly earnings results on Wednesday, April 17th. The specialty chemicals company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). PolyOne had a net margin of 4.52% and a return on equity of 33.46%. The business had revenue of $899.90 million during the quarter, compared to analysts’ expectations of $922.33 million. During the same quarter last year, the business posted $0.68 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year.

Several analysts recently commented on POL shares. Buckingham Research started coverage on PolyOne in a report on Tuesday, February 5th. They set a “buy” rating and a $32.40 target price on the stock. Zacks Investment Research lowered PolyOne from a “hold” rating to a “sell” rating in a report on Friday, April 5th. KeyCorp dropped their price objective on PolyOne from $36.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday. Northcoast Research raised PolyOne from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Thursday. Finally, ValuEngine lowered PolyOne from a “sell” rating to a “strong sell” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $36.83.

Shares of POL stock traded down $0.30 during mid-day trading on Friday, reaching $28.56. The stock had a trading volume of 1,497,874 shares, compared to its average volume of 578,513. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.17 and a current ratio of 1.79. The firm has a market capitalization of $2.37 billion, a PE ratio of 11.75, a P/E/G ratio of 1.20 and a beta of 1.71. PolyOne has a 1-year low of $26.16 and a 1-year high of $45.70.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, March 14th. PolyOne’s payout ratio is currently 32.10%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Private Capital Group LLC lifted its position in shares of PolyOne by 52.3% in the fourth quarter. Private Capital Group LLC now owns 1,298 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 446 shares in the last quarter. Kings Point Capital Management purchased a new position in shares of PolyOne in the fourth quarter valued at approximately $43,000. Meeder Asset Management Inc. lifted its position in shares of PolyOne by 328.3% in the fourth quarter. Meeder Asset Management Inc. now owns 1,996 shares of the specialty chemicals company’s stock valued at $57,000 after acquiring an additional 1,530 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of PolyOne in the fourth quarter valued at approximately $80,000. Finally, Bank of Montreal Can lifted its position in shares of PolyOne by 73.4% in the fourth quarter. Bank of Montreal Can now owns 3,128 shares of the specialty chemicals company’s stock valued at $90,000 after acquiring an additional 1,324 shares in the last quarter. 93.53% of the stock is currently owned by institutional investors.

PolyOne Company Profile

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.

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Earnings History and Estimates for PolyOne (NYSE:POL)

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