Wall Street analysts expect that PolyOne Co. (NYSE:POL) will report $682.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for PolyOne’s earnings, with the highest sales estimate coming in at $687.50 million and the lowest estimate coming in at $679.80 million. PolyOne reported sales of $834.00 million in the same quarter last year, which indicates a negative year over year growth rate of 18.1%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 4th.
According to Zacks, analysts expect that PolyOne will report full-year sales of $3.03 billion for the current fiscal year, with estimates ranging from $2.84 billion to $3.19 billion. For the next financial year, analysts forecast that the firm will report sales of $2.95 billion, with estimates ranging from $2.91 billion to $3.01 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow PolyOne.
PolyOne (NYSE:POL) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The business had revenue of $705.00 million during the quarter, compared to analysts’ expectations of $721.91 million. PolyOne had a return on equity of 30.57% and a net margin of 4.03%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share.
Several hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in shares of PolyOne by 0.9% in the third quarter. Oppenheimer & Co. Inc. now owns 57,525 shares of the specialty chemicals company’s stock worth $1,878,000 after purchasing an additional 500 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of PolyOne by 220.7% in the second quarter. Parallel Advisors LLC now owns 789 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 543 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of PolyOne by 2.3% in the third quarter. Envestnet Asset Management Inc. now owns 23,977 shares of the specialty chemicals company’s stock worth $783,000 after purchasing an additional 544 shares during the last quarter. Arizona State Retirement System raised its stake in shares of PolyOne by 1.2% in the second quarter. Arizona State Retirement System now owns 56,476 shares of the specialty chemicals company’s stock worth $1,773,000 after purchasing an additional 667 shares during the last quarter. Finally, Investors Research Corp purchased a new position in shares of PolyOne in the second quarter worth $25,000. Hedge funds and other institutional investors own 92.33% of the company’s stock.
NYSE:POL remained flat at $$33.48 during trading hours on Thursday. The company’s stock had a trading volume of 229,845 shares, compared to its average volume of 580,603. The firm has a 50-day moving average price of $32.25 and a 200-day moving average price of $30.29. The firm has a market capitalization of $2.55 billion, a PE ratio of 13.78, a P/E/G ratio of 2.06 and a beta of 1.70. PolyOne has a 1-year low of $24.47 and a 1-year high of $35.30. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.88 and a quick ratio of 1.43.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.203 per share. This is a boost from PolyOne’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 12th. This represents a $0.81 dividend on an annualized basis and a yield of 2.43%. PolyOne’s payout ratio is presently 32.10%.
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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