Analysts expect that PolyOne Co. (NYSE:POL) will post earnings per share (EPS) of $0.65 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for PolyOne’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.67. PolyOne posted earnings per share of $0.59 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.2%. The company is expected to announce its next earnings report on Thursday, April 26th.
On average, analysts expect that PolyOne will report full-year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.50 to $2.59. For the next financial year, analysts expect that the business will post earnings of $2.84 per share, with EPS estimates ranging from $2.72 to $3.06. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for PolyOne.
PolyOne (NYSE:POL) last released its earnings results on Friday, January 26th. The specialty chemicals company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $801.00 million during the quarter, compared to the consensus estimate of $739.77 million. PolyOne had a positive return on equity of 29.46% and a negative net margin of 1.73%. PolyOne’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS.
PolyOne (NYSE:POL) opened at $43.23 on Friday. The firm has a market capitalization of $3,465.25, a PE ratio of -61.76, a price-to-earnings-growth ratio of 1.63 and a beta of 1.73. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.87 and a quick ratio of 1.29. PolyOne has a 52-week low of $32.43 and a 52-week high of $47.48.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, March 19th. PolyOne’s dividend payout ratio is presently -100.00%.
Institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of PolyOne by 36.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,555 shares of the specialty chemicals company’s stock worth $242,000 after buying an additional 1,492 shares in the last quarter. Magnetar Financial LLC purchased a new stake in PolyOne during the third quarter worth approximately $256,000. Envestnet Asset Management Inc. lifted its stake in PolyOne by 35.3% during the third quarter. Envestnet Asset Management Inc. now owns 6,490 shares of the specialty chemicals company’s stock worth $261,000 after purchasing an additional 1,693 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in PolyOne during the third quarter worth approximately $265,000. Finally, Neuberger Berman Group LLC lifted its stake in PolyOne by 21.9% during the third quarter. Neuberger Berman Group LLC now owns 6,913 shares of the specialty chemicals company’s stock worth $277,000 after purchasing an additional 1,244 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.
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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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