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 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.
TRADEMARK VIOLATION WARNING: This report was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.com-unik.info/2019/04/17/polyone-pol-announces-earnings-results-misses-estimates-by-0-01-eps.html.
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.
Featured Story: What does the Producer Price Index (PPI) tell investors?
Receive News & Ratings for PolyOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne and related companies with MarketBeat.com's FREE daily email newsletter.