$0.62 Earnings Per Share Expected for PolyOne Co. (POL) This Quarter

Wall Street brokerages expect that PolyOne Co. (NYSE:POL) will report earnings per share of $0.62 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for PolyOne’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.64. PolyOne posted earnings per share of $0.58 in the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The firm is scheduled to report its next quarterly earnings report before the market opens on Wednesday, October 24th.

According to Zacks, analysts expect that PolyOne will report full year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.48 to $2.53. For the next year, analysts expect that the business will report earnings of $2.83 per share, with EPS estimates ranging from $2.75 to $2.93. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow PolyOne.

PolyOne (NYSE:POL) last posted its earnings results on Tuesday, July 24th. The specialty chemicals company reported $0.71 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.71. PolyOne had a net margin of 5.09% and a return on equity of 32.92%. The firm had revenue of $914.80 million for the quarter, compared to the consensus estimate of $908.12 million. During the same period in the previous year, the firm posted $0.63 EPS. The business’s quarterly revenue was up 12.4% on a year-over-year basis.

POL has been the topic of a number of research reports. ValuEngine upgraded shares of PolyOne from a “hold” rating to a “buy” rating in a report on Wednesday, July 18th. Zacks Investment Research upgraded shares of PolyOne from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, SunTrust Banks downgraded shares of PolyOne from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. PolyOne currently has an average rating of “Hold” and an average price target of $45.67.

In related news, Chairman Robert M. Patterson sold 39,196 shares of PolyOne stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $43.46, for a total transaction of $1,703,458.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank purchased a new position in shares of PolyOne during the 3rd quarter worth about $109,000. Mount Yale Investment Advisors LLC purchased a new position in shares of PolyOne during the 1st quarter worth about $132,000. Itau Unibanco Holding S.A. purchased a new position in shares of PolyOne during the 2nd quarter worth about $171,000. Asset Management One Co. Ltd. purchased a new position in shares of PolyOne during the 1st quarter worth about $193,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of PolyOne by 5,112.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 350,783 shares of the specialty chemicals company’s stock worth $205,000 after purchasing an additional 344,053 shares during the period. 95.82% of the stock is owned by hedge funds and other institutional investors.

Shares of PolyOne stock traded up $0.05 during trading hours on Wednesday, reaching $37.83. The company’s stock had a trading volume of 463,100 shares, compared to its average volume of 359,374. PolyOne has a one year low of $35.69 and a one year high of $47.48. The company has a quick ratio of 1.22, a current ratio of 1.76 and a debt-to-equity ratio of 2.18. The company has a market cap of $3.50 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 9th. Investors of record on Friday, December 14th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from PolyOne’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.06%. PolyOne’s payout ratio is currently 31.67%.

PolyOne Company Profile

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The company operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and PolyOne Distribution.

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