PolyOne Corporation (POL) Earning Somewhat Favorable Media Coverage, Report Finds

Headlines about PolyOne Corporation (NYSE:POL) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PolyOne Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the specialty chemicals company an impact score of 48.200568130537 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern’s rankings:

Shares of PolyOne Corporation (NYSE POL) opened at 45.18 on Friday. PolyOne Corporation has a 12 month low of $28.92 and a 12 month high of $46.22. The firm’s market cap is $3.70 billion. The firm has a 50 day moving average price of $40.22 and a 200-day moving average price of $38.05.

PolyOne Corporation (NYSE:POL) last released its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. PolyOne Corporation had a positive return on equity of 27.77% and a negative net margin of 1.87%. The firm had revenue of $818.50 million for the quarter, compared to the consensus estimate of $789.32 million. During the same quarter last year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that PolyOne Corporation will post $2.20 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th will be paid a $0.175 dividend. This is an increase from PolyOne Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 annualized dividend and a dividend yield of 1.55%. PolyOne Corporation’s dividend payout ratio (DPR) is currently -71.05%.

POL has been the topic of a number of recent research reports. Zacks Investment Research upgraded PolyOne Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. BidaskClub upgraded PolyOne Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Jefferies Group LLC restated a “hold” rating and issued a $42.00 target price on shares of PolyOne Corporation in a research note on Friday, September 15th. CIBC initiated coverage on PolyOne Corporation in a research note on Thursday, August 17th. They issued an “outperform” rating and a $43.00 target price on the stock. Finally, KeyCorp set a $47.00 target price on PolyOne Corporation and gave the company a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.17.

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PolyOne Corporation Company Profile

PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; 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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