PolyOne Co. (NYSE:POL) Expected to Announce Quarterly Sales of $900.18 Million

Equities research analysts predict that PolyOne Co. (NYSE:POL) will post $900.18 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for PolyOne’s earnings, with the lowest sales estimate coming in at $878.80 million and the highest estimate coming in at $926.00 million. PolyOne posted sales of $883.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.9%. The company is scheduled to announce its next quarterly earnings results on Wednesday, October 23rd.

On average, analysts expect that PolyOne will report full year sales of $3.57 billion for the current year, with estimates ranging from $3.49 billion to $3.68 billion. For the next financial year, analysts anticipate that the company will report sales of $3.71 billion, with estimates ranging from $3.58 billion to $3.81 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow PolyOne.

PolyOne (NYSE:POL) last announced its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.01. The company had revenue of $903.80 million for the quarter, compared to analysts’ expectations of $933.34 million. PolyOne had a net margin of 4.03% and a return on equity of 33.07%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.



Several research analysts have commented on POL shares. ValuEngine upgraded shares of PolyOne from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 12th. Northcoast Research upgraded shares of PolyOne from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Thursday, April 18th. Zacks Investment Research cut shares of PolyOne from a “buy” rating to a “hold” rating in a report on Wednesday. KeyCorp decreased their target price on shares of PolyOne from $36.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Robert W. Baird upgraded shares of PolyOne from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $30.00 to $36.00 in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $35.86.

Several hedge funds have recently bought and sold shares of the stock. Doyle Wealth Management bought a new position in shares of PolyOne in the second quarter valued at approximately $68,000. Nuveen Asset Management LLC bought a new position in shares of PolyOne in the second quarter valued at approximately $31,150,000. Victory Capital Management Inc. raised its position in shares of PolyOne by 71.4% in the second quarter. Victory Capital Management Inc. now owns 2,280,943 shares of the specialty chemicals company’s stock valued at $71,599,000 after purchasing an additional 950,280 shares during the period. Citadel Advisors LLC raised its position in shares of PolyOne by 60.5% in the second quarter. Citadel Advisors LLC now owns 828,192 shares of the specialty chemicals company’s stock valued at $25,998,000 after purchasing an additional 312,153 shares during the period. Finally, Barington Capital Group L.P. raised its position in shares of PolyOne by 473.3% in the second quarter. Barington Capital Group L.P. now owns 344,000 shares of the specialty chemicals company’s stock valued at $10,798,000 after purchasing an additional 284,000 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Shares of POL traded up $0.53 during mid-day trading on Thursday, hitting $30.22. The company’s stock had a trading volume of 356,636 shares, compared to its average volume of 611,827. The firm has a 50-day moving average price of $31.02 and a 200 day moving average price of $29.81. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.26 and a beta of 1.73. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.68 and a quick ratio of 1.10. PolyOne has a fifty-two week low of $24.47 and a fifty-two week high of $45.34.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Thursday, September 12th. PolyOne’s dividend payout ratio is currently 32.10%.

About PolyOne

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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