Equities research analysts forecast that PolyOne Co. (NYSE:POL) will announce sales of $882.97 million for the current quarter, according to Zacks. Three analysts have provided estimates for PolyOne’s earnings, with the highest sales estimate coming in at $896.40 million and the lowest estimate coming in at $867.70 million. PolyOne posted sales of $818.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.9%. The company is expected to issue its next earnings report before the market opens on Wednesday, October 24th.
On average, analysts expect that PolyOne will report full-year sales of $3.56 billion for the current fiscal year, with estimates ranging from $3.53 billion to $3.61 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.71 billion, with estimates ranging from $3.68 billion to $3.78 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover PolyOne.
PolyOne (NYSE:POL) last released its quarterly earnings results on Tuesday, July 24th. The specialty chemicals company reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71. The firm had revenue of $914.80 million during the quarter, compared to analysts’ expectations of $908.12 million. PolyOne had a net margin of 5.09% and a return on equity of 32.92%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 EPS.
In other PolyOne news, Chairman Robert M. Patterson sold 39,196 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $43.46, for a total value of $1,703,458.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. First Hawaiian Bank bought a new stake in shares of PolyOne in the 3rd quarter valued at about $109,000. Mount Yale Investment Advisors LLC bought a new stake in shares of PolyOne in the 1st quarter valued at about $132,000. Itau Unibanco Holding S.A. bought a new stake in shares of PolyOne in the 2nd quarter valued at about $171,000. Asset Management One Co. Ltd. bought a new stake in shares of PolyOne in the 1st quarter valued at about $193,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of PolyOne by 64.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,521 shares of the specialty chemicals company’s stock valued at $239,000 after purchasing an additional 2,161 shares in the last quarter. 92.69% of the stock is owned by institutional investors.
PolyOne stock traded down $0.60 during trading hours on Friday, hitting $36.33. The company had a trading volume of 294,300 shares, compared to its average volume of 359,035. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.76 and a quick ratio of 1.22. PolyOne has a 1 year low of $35.69 and a 1 year high of $47.48.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 9th. Shareholders of record on Friday, December 14th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.15%. This is a boost from PolyOne’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, December 13th. PolyOne’s payout ratio is 31.67%.
PolyOne Company Profile
PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The company operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and PolyOne Distribution.
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