$0.39 Earnings Per Share Expected for PolyOne Co. (POL) This Quarter

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.

POL has been the topic of several research reports. Jefferies Group restated a “hold” rating and issued a $42.00 target price on shares of PolyOne in a research note on Friday, September 15th. Zacks Investment Research upgraded PolyOne from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. KeyCorp set a $47.00 price objective on PolyOne and gave the stock a “buy” rating in a research note on Thursday, October 26th. Robert W. Baird reiterated a “buy” rating and set a $42.00 price objective on shares of PolyOne in a research note on Thursday, October 12th. Finally, SunTrust Banks reiterated a “buy” rating and set a $42.00 price objective on shares of PolyOne in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $43.17.

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%.

TRADEMARK VIOLATION NOTICE: “$0.39 Earnings Per Share Expected for PolyOne Co. (POL) This Quarter” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2017/12/23/0-39-earnings-per-share-expected-for-polyone-co-pol-this-quarter.html.

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.

Get a free copy of the Zacks research report on PolyOne (POL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PolyOne (NYSE:POL)

What are top analysts saying about PolyOne? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PolyOne and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit