Equities analysts 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 made estimates for PolyOne Corporation’s earnings, with the highest sales estimate coming in at $817.20 million and the lowest estimate coming in at $775.00 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 business is expected to report its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, 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 company will report sales of $3.29 billion per share, with estimates ranging from $3.22 billion to $3.40 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for PolyOne Corporation.
PolyOne Corporation (NYSE:POL) last issued its quarterly earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. The company had revenue of $814.10 million during the quarter, compared to analyst estimates of $812.52 million. PolyOne Corporation had a negative net margin of 1.75% and a positive return on equity of 25.84%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS.
A number of equities research analysts recently issued reports on POL shares. BidaskClub cut shares of PolyOne Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Zacks Investment Research cut shares of PolyOne Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, May 20th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $38.00 target price on shares of PolyOne Corporation in a research report on Thursday, April 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $39.33.
A number of large investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in PolyOne Corporation during the fourth quarter valued at $27,919,000. Teachers Advisors LLC boosted its stake in PolyOne Corporation by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 628,613 shares of the specialty chemicals company’s stock valued at $20,141,000 after buying an additional 47,956 shares during the last quarter. Creative Planning boosted its stake in PolyOne Corporation by 22.7% in the first quarter. Creative Planning now owns 4,520 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 836 shares during the last quarter. Capstone Asset Management Co. bought a new stake in PolyOne Corporation during the first quarter valued at $248,000. Finally, Dalton Greiner Hartman Maher & Co. bought a new stake in PolyOne Corporation during the first quarter valued at $13,740,000. Hedge funds and other institutional investors own 95.82% of the company’s stock.
Shares of PolyOne Corporation (POL) traded up 0.05% during mid-day trading on Friday, hitting $36.60. 328,634 shares of the stock were exchanged. The company’s 50-day moving average is $37.92 and its 200-day moving average is $35.92. PolyOne Corporation has a 1-year low of $28.77 and a 1-year high of $40.88. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 17.43 and a beta of 1.71.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 1.48%. The ex-dividend date is Thursday, September 14th. PolyOne Corporation’s payout ratio is presently -73.97%.
About PolyOne Corporation
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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