Brokerages predict that PolyOne Co. (NYSE:POL) will post sales of $929.28 million for the current quarter, according to Zacks. Four analysts have made estimates for PolyOne’s earnings, with estimates ranging from $905.70 million to $942.70 million. PolyOne posted sales of $901.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The company is expected to report its next earnings report before the market opens on Wednesday, April 17th.
On average, analysts expect that PolyOne will report full year sales of $3.70 billion for the current financial year, with estimates ranging from $3.63 billion to $3.78 billion. For the next financial year, analysts expect that the business will report sales of $3.86 billion, with estimates ranging from $3.74 billion to $3.97 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover PolyOne.
PolyOne (NYSE:POL) last issued its quarterly earnings results on Tuesday, January 29th. The specialty chemicals company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. PolyOne had a net margin of 4.52% and a return on equity of 33.46%. The business had revenue of $834.00 million for the quarter, compared to the consensus estimate of $821.90 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis.
POL has been the topic of several analyst reports. Zacks Investment Research raised shares of PolyOne from a “sell” rating to a “hold” rating in a report on Wednesday, December 26th. Buckingham Research initiated coverage on shares of PolyOne in a report on Tuesday, February 5th. They set a “buy” rating and a $32.40 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.08.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Private Capital Group LLC increased its position in PolyOne by 52.3% in the fourth quarter. Private Capital Group LLC now owns 1,298 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 446 shares during the last quarter. Arizona State Retirement System increased its position in PolyOne by 0.9% in the fourth quarter. Arizona State Retirement System now owns 57,290 shares of the specialty chemicals company’s stock worth $1,638,000 after purchasing an additional 528 shares during the last quarter. ETRADE Capital Management LLC increased its position in PolyOne by 3.4% in the fourth quarter. ETRADE Capital Management LLC now owns 24,548 shares of the specialty chemicals company’s stock worth $702,000 after purchasing an additional 811 shares during the last quarter. Thrivent Financial for Lutherans increased its position in PolyOne by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,306 shares of the specialty chemicals company’s stock worth $581,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in PolyOne by 8.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,446 shares of the specialty chemicals company’s stock worth $385,000 after purchasing an additional 1,047 shares during the last quarter. Institutional investors own 93.71% of the company’s stock.
Shares of NYSE:POL opened at $30.47 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 2.47. PolyOne has a 1-year low of $26.16 and a 1-year high of $45.70. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.20 and a beta of 1.71.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, March 14th. PolyOne’s dividend payout ratio is presently 32.10%.
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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