PolyOne Co. Expected to Post FY2018 Earnings of $2.40 Per Share (POL)

PolyOne Co. (NYSE:POL) – Stock analysts at Jefferies Financial Group dropped their FY2018 EPS estimates for PolyOne in a note issued to investors on Thursday, October 25th. Jefferies Financial Group analyst L. Alexander now forecasts that the specialty chemicals company will post earnings per share of $2.40 for the year, down from their previous estimate of $2.50. Jefferies Financial Group also issued estimates for PolyOne’s FY2019 earnings at $2.60 EPS and FY2020 earnings at $2.90 EPS.

A number of other equities research analysts also recently commented on POL. ValuEngine raised shares of PolyOne from a “hold” rating to a “buy” rating in a research report on Wednesday, July 18th. Zacks Investment Research downgraded shares of PolyOne from a “hold” rating to a “sell” rating in a research report on Friday, July 20th. SunTrust Banks downgraded shares of PolyOne from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Wellington Shields downgraded shares of PolyOne from a “gradually accumulate” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, KeyCorp reissued an “overweight” rating and issued a $43.00 price objective (down from $50.00) on shares of PolyOne in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $43.00.



Shares of POL opened at $31.11 on Monday. PolyOne has a fifty-two week low of $30.03 and a fifty-two week high of $47.48. The company has a current ratio of 1.86, a quick ratio of 1.27 and a debt-to-equity ratio of 2.14. The company has a market cap of $2.46 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.44.

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

Several large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of PolyOne by 6.8% in the 2nd quarter. BlackRock Inc. now owns 9,338,968 shares of the specialty chemicals company’s stock valued at $403,631,000 after buying an additional 596,343 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of PolyOne by 0.6% in the 2nd quarter. Wells Fargo & Company MN now owns 2,726,854 shares of the specialty chemicals company’s stock valued at $117,855,000 after buying an additional 17,590 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of PolyOne by 0.8% in the 2nd quarter. Jennison Associates LLC now owns 1,664,386 shares of the specialty chemicals company’s stock valued at $71,935,000 after buying an additional 13,378 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of PolyOne by 14.8% in the 2nd quarter. Voya Investment Management LLC now owns 1,508,290 shares of the specialty chemicals company’s stock valued at $65,188,000 after buying an additional 194,166 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of PolyOne by 3.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,447,057 shares of the specialty chemicals company’s stock valued at $62,541,000 after buying an additional 46,555 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors.

In other news, SVP M. John Jr. Midea acquired 1,050 shares of the company’s stock in a transaction on Friday, October 26th. The shares were bought at an average cost of $31.08 per share, with a total value of $32,634.00. Following the transaction, the senior vice president now owns 3,836 shares in the company, valued at approximately $119,222.88. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Abernathy acquired 10,000 shares of the company’s stock in a transaction on Thursday, October 25th. The stock was purchased at an average cost of $30.64 per share, for a total transaction of $306,400.00. Following the completion of the transaction, the director now owns 11,593 shares in the company, valued at approximately $355,209.52. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Friday, December 14th will be given a $0.195 dividend. The ex-dividend date is Thursday, December 13th. This is an increase from PolyOne’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.51%. PolyOne’s dividend 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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