Analysts Issue Forecasts for PolyOne Co.’s Q4 2019 Earnings (NYSE:POL)

PolyOne Co. (NYSE:POL) – Oppenheimer cut their Q4 2019 EPS estimates for shares of PolyOne in a research report issued on Tuesday, October 22nd. Oppenheimer analyst C. Rusch now forecasts that the specialty chemicals company will post earnings per share of $0.26 for the quarter, down from their previous estimate of $0.31.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of PolyOne from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Wells Fargo & Co assumed coverage on shares of PolyOne in a research report on Tuesday, October 15th. They issued a “market perform” rating and a $35.00 price objective on the stock. ValuEngine upgraded shares of PolyOne from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. TheStreet upgraded shares of PolyOne from a “c+” rating to a “b-” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird upgraded shares of PolyOne from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $36.00 in a research report on Monday, July 22nd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. PolyOne has a consensus rating of “Buy” and an average price target of $35.75.

POL stock opened at $32.28 on Friday. The firm’s 50-day moving average price is $32.46 and its two-hundred day moving average price is $30.10. PolyOne has a 12-month low of $24.47 and a 12-month high of $35.30. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.72 and a beta of 1.71. The company has a current ratio of 1.88, a quick ratio of 1.10 and a debt-to-equity ratio of 2.45.

PolyOne (NYSE:POL) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. PolyOne had a net margin of 4.03% and a return on equity of 30.57%. The firm had revenue of $705.00 million for the quarter, compared to analysts’ expectations of $721.91 million. During the same quarter in the previous year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in shares of PolyOne by 220.7% during the second quarter. Parallel Advisors LLC now owns 789 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 543 shares during the period. Envestnet Asset Management Inc. boosted its stake in PolyOne by 2.3% during the third quarter. Envestnet Asset Management Inc. now owns 23,977 shares of the specialty chemicals company’s stock worth $783,000 after acquiring an additional 544 shares in the last quarter. Arizona State Retirement System boosted its stake in PolyOne by 1.2% during the second quarter. Arizona State Retirement System now owns 56,476 shares of the specialty chemicals company’s stock worth $1,773,000 after acquiring an additional 667 shares in the last quarter. Investors Research Corp bought a new stake in PolyOne during the second quarter worth about $25,000. Finally, Strs Ohio boosted its stake in PolyOne by 30.0% during the third quarter. Strs Ohio now owns 3,900 shares of the specialty chemicals company’s stock worth $127,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 92.19% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Friday, December 13th will be given a dividend of $0.203 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.81 annualized dividend and a dividend yield of 2.52%. This is a boost from PolyOne’s previous quarterly dividend of $0.20. PolyOne’s payout ratio is currently 32.10%.

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 and Estimates for PolyOne (NYSE:POL)

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