Brokerages expect that PolyOne Co. (NYSE:POL) will announce earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for PolyOne’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.35. PolyOne reported earnings per share of $0.38 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The firm is expected to announce its next quarterly earnings results on Friday, January 26th.
According to Zacks, analysts expect that PolyOne will report full-year earnings of $2.19 per share for the current year, with EPS estimates ranging from $2.15 to $2.22. For the next year, analysts anticipate that the firm will report earnings of $2.49 per share, with EPS estimates ranging from $2.40 to $2.55. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow PolyOne.
PolyOne (NYSE:POL) last released its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $818.50 million for the quarter, compared to analysts’ expectations of $789.32 million. PolyOne had a positive return on equity of 27.77% and a negative net margin of 1.87%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS.
A number of institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC lifted its stake in PolyOne by 85.7% during the second quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock worth $101,000 after purchasing an additional 1,200 shares during the last quarter. Advisor Group Inc. lifted its stake in PolyOne by 2.6% during the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 84 shares during the last quarter. Quantbot Technologies LP bought a new stake in PolyOne during the second quarter worth about $143,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in PolyOne by 8.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock worth $157,000 after purchasing an additional 317 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in PolyOne by 215.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,249 shares of the specialty chemicals company’s stock worth $165,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 93.67% of the company’s stock.
PolyOne (NYSE:POL) traded down $0.33 during midday trading on Friday, reaching $43.50. The company’s stock had a trading volume of 171,841 shares, compared to its average volume of 404,645. The company has a market cap of $3,540.84, a PE ratio of -57.24, a price-to-earnings-growth ratio of 2.02 and a beta of 1.83. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.96 and a quick ratio of 1.38. PolyOne has a 12-month low of $31.68 and a 12-month high of $46.79.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 15th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.61%. This is a boost from PolyOne’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, December 14th. PolyOne’s payout ratio is presently -92.10%.
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PolyOne 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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