PolyOne (POL) Announces Earnings Results, Misses Estimates By $0.01 EPS

PolyOne (NYSE:POL) posted its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01), MarketWatch Earnings reports. The company had revenue of $899.90 million during the quarter, compared to analyst estimates of $922.33 million. PolyOne had a net margin of 4.52% and a return on equity of 33.46%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS.

POL stock opened at $30.87 on Wednesday. The stock has a market capitalization of $2.37 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.20 and a beta of 1.71. PolyOne has a 52 week low of $26.16 and a 52 week high of $45.70. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.79 and a quick ratio of 1.17.

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Thursday, March 14th. PolyOne’s dividend payout ratio (DPR) is presently 32.10%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Private Capital Group LLC raised its stake in PolyOne by 52.3% during the fourth quarter. Private Capital Group LLC now owns 1,298 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 446 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of PolyOne by 0.9% during 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 grew its holdings in shares of PolyOne by 3.4% during 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 grew its holdings in shares of PolyOne by 5.2% during 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 grew its holdings in shares of PolyOne by 8.4% during 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. 93.53% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on POL shares. Zacks Investment Research raised PolyOne from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Tuesday, January 8th. Buckingham Research started coverage on PolyOne in a research note on Tuesday, February 5th. They issued a “buy” rating and a $32.40 price target for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. PolyOne has a consensus rating of “Hold” and an average price target of $38.08.

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PolyOne Company Profile

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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Earnings History for PolyOne (NYSE:POL)

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