FY2018 EPS Estimates for PolyOne Co. Decreased by Analyst (POL)

PolyOne Co. (NYSE:POL) – Equities research analysts at Gabelli cut their FY2018 earnings estimates for PolyOne in a note issued to investors on Thursday, October 25th. Gabelli analyst R. Morbelli now anticipates that the specialty chemicals company will post earnings per share of $2.42 for the year, down from their previous forecast of $2.53. Gabelli also issued estimates for PolyOne’s FY2019 earnings at $2.65 EPS and FY2020 earnings at $2.90 EPS.

PolyOne (NYSE:POL) last posted its earnings results on Wednesday, October 24th. The specialty chemicals company reported $0.62 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. The firm had revenue of $883.00 million for the quarter, compared to analyst estimates of $887.93 million. PolyOne had a return on equity of 32.72% and a net margin of 5.33%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 earnings per share.



Several other research analysts have also weighed in on the company. Oppenheimer reduced their target price on PolyOne from $50.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday. Robert W. Baird reduced their target price on PolyOne from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday. KeyCorp reiterated an “overweight” rating and set a $43.00 target price (down from $50.00) on shares of PolyOne in a report on Thursday. Wellington Shields lowered PolyOne from a “gradually accumulate” rating to a “hold” rating in a report on Wednesday, October 24th. Finally, ValuEngine lowered PolyOne from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $43.00.

POL stock opened at $30.82 on Monday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.22 and a current ratio of 1.86. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 1.17 and a beta of 1.44. PolyOne has a 1-year low of $30.03 and a 1-year high of $47.48.

Several institutional investors have recently modified their holdings of POL. First Hawaiian Bank bought a new stake in shares of PolyOne in the third quarter valued at about $109,000. Mount Yale Investment Advisors LLC bought a new stake in shares of PolyOne in the first quarter valued at about $132,000. Itau Unibanco Holding S.A. bought a new stake in shares of PolyOne in the second quarter valued at about $171,000. Advisors Asset Management Inc. lifted its holdings in shares of PolyOne by 5,112.2% in the second quarter. Advisors Asset Management Inc. now owns 350,783 shares of the specialty chemicals company’s stock valued at $205,000 after purchasing an additional 344,053 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of PolyOne by 64.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,521 shares of the specialty chemicals company’s stock valued at $239,000 after purchasing an additional 2,161 shares in the last quarter. Institutional investors own 92.71% of the company’s stock.

In other news, CEO Robert M. Patterson sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $43.61, for a total value of $872,200.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert E. Abernathy purchased 10,000 shares of the business’s stock in a transaction dated Thursday, October 25th. The stock was purchased at an average price of $30.64 per share, for a total transaction of $306,400.00. Following the completion of the acquisition, the director now owns 11,593 shares of the company’s stock, valued at $355,209.52. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from PolyOne’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a yield of 2.53%. PolyOne’s payout ratio is currently 31.67%.

About PolyOne

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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Earnings History and Estimates for PolyOne (NYSE:POL)

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