Equities research analysts expect that PolyOne Co. (NYSE:POL) will report sales of $740.70 million for the current quarter, Zacks reports. Four analysts have made estimates for PolyOne’s earnings. The highest sales estimate is $763.40 million and the lowest is $724.20 million. PolyOne posted sales of $787.70 million in the same quarter last year, which suggests a negative year over year growth rate of 6%. The firm is expected to report its next earnings report before the market opens on Friday, January 26th.
According to Zacks, analysts expect that PolyOne will report full year sales of $740.70 million for the current fiscal year, with estimates ranging from $3.14 billion to $3.26 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.31 billion per share, with estimates ranging from $3.25 billion to $3.39 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow PolyOne.
PolyOne (NYSE:POL) last announced its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $818.50 million for the quarter, compared to analyst estimates of $789.32 million. PolyOne had a negative net margin of 1.87% and a positive return on equity of 27.77%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share.
PolyOne (POL) opened at $45.16 on Thursday. The company has a market cap of $3,700.00, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 1.85 and a beta of 1.83. PolyOne has a one year low of $31.68 and a one year high of $46.79. The company has a quick ratio of 1.38, a current ratio of 1.96 and a debt-to-equity ratio of 2.32.
Several hedge funds have recently bought and sold shares of POL. Victory Capital Management Inc. boosted its holdings in shares of PolyOne by 42.7% in the third quarter. Victory Capital Management Inc. now owns 1,673,185 shares of the specialty chemicals company’s stock valued at $66,978,000 after acquiring an additional 500,506 shares during the period. American Century Companies Inc. boosted its holdings in shares of PolyOne by 72.8% in the third quarter. American Century Companies Inc. now owns 1,069,954 shares of the specialty chemicals company’s stock valued at $42,830,000 after acquiring an additional 450,916 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of PolyOne by 11.8% in the third quarter. Wells Fargo & Company MN now owns 2,343,438 shares of the specialty chemicals company’s stock valued at $93,808,000 after acquiring an additional 246,918 shares during the period. Prudential Financial Inc. boosted its holdings in shares of PolyOne by 46.9% in the third quarter. Prudential Financial Inc. now owns 751,003 shares of the specialty chemicals company’s stock valued at $30,062,000 after acquiring an additional 239,700 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of PolyOne in the second quarter valued at approximately $227,000. 93.67% of the stock is owned by institutional investors and hedge funds.
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PolyOne Company Profile
PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.
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