PolyOne (NYSE:POL) announced its quarterly earnings data on Tuesday. The specialty chemicals company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01, Bloomberg Earnings reports. The firm had revenue of $705.00 million during the quarter, compared to analyst estimates of $721.91 million. PolyOne had a return on equity of 30.57% and a net margin of 4.03%. PolyOne’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share.
Shares of NYSE:POL opened at $32.67 on Thursday. The company’s fifty day moving average is $32.44 and its two-hundred day moving average is $30.09. The company has a quick ratio of 1.10, a current ratio of 1.88 and a debt-to-equity ratio of 2.45. PolyOne has a 12-month low of $24.47 and a 12-month high of $35.30. The company has a market cap of $2.53 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.71 and a beta of 1.71.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Friday, December 13th will be issued a $0.203 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.81 annualized dividend and a dividend yield of 2.49%. This is a boost from PolyOne’s previous quarterly dividend of $0.20. PolyOne’s dividend payout ratio is currently 32.10%.
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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