PolyOne (POL) Set to Announce Quarterly Earnings on Tuesday

PolyOne (NYSE:POL) is set to announce its earnings results before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.44 per share for the quarter. PolyOne has set its FY19 guidance at $2.53 to $2.58 EPS.Investors interested in participating in the company’s conference call can do so using this link.

PolyOne (NYSE:POL) last announced its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. PolyOne had a net margin of 4.03% and a return on equity of 33.07%. The firm had revenue of $903.80 million for the quarter, compared to the consensus estimate of $933.34 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, analysts expect PolyOne to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE POL opened at $32.37 on Tuesday. The company’s fifty day moving average price is $32.30 and its 200 day moving average price is $29.96. PolyOne has a 1 year low of $24.47 and a 1 year high of $38.18. The company has a market capitalization of $2.38 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.52 and a beta of 1.71. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.10 and a current ratio of 1.68.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Friday, December 13th will be issued a dividend of $0.203 per share. The ex-dividend date is Thursday, December 12th. This is an increase from PolyOne’s previous quarterly dividend of $0.20. This represents a $0.81 dividend on an annualized basis and a yield of 2.51%. PolyOne’s dividend payout ratio is 32.10%.

A number of analysts recently issued reports on POL shares. Robert W. Baird raised shares of PolyOne from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $30.00 to $36.00 in a report on Monday, July 22nd. ValuEngine raised shares of PolyOne from a “sell” rating to a “hold” rating in a report on Thursday, September 26th. TheStreet raised shares of PolyOne from a “c+” rating to a “b-” rating in a report on Thursday, July 25th. Finally, Zacks Investment Research downgraded shares of PolyOne from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $35.86.

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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Earnings History for PolyOne (NYSE:POL)

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