PolyOne Co. (NYSE:POL) Expected to Post Quarterly Sales of $900.18 Million

Equities research analysts expect PolyOne Co. (NYSE:POL) to report $900.18 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for PolyOne’s earnings. The highest sales estimate is $926.00 million and the lowest is $878.80 million. PolyOne posted sales of $883.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The company is expected to report its next quarterly earnings results on Wednesday, October 23rd.

On average, analysts expect that PolyOne will report full-year sales of $3.57 billion for the current year, with estimates ranging from $3.49 billion to $3.68 billion. For the next financial year, analysts anticipate that the company will post sales of $3.71 billion, with estimates ranging from $3.58 billion to $3.81 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover PolyOne.

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, beating the consensus estimate of $0.73 by $0.01. PolyOne had a return on equity of 33.07% and a net margin of 4.03%. The business had revenue of $903.80 million during the quarter, compared to the consensus estimate of $933.34 million. During the same quarter last year, the firm posted $0.71 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis.

POL has been the subject of several research reports. TheStreet raised PolyOne from a “c+” rating to a “b-” rating in a report on Thursday, July 25th. Robert W. Baird raised PolyOne from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $36.00 in a report on Monday, July 22nd. Northcoast Research raised PolyOne from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Thursday, April 18th. SunTrust Banks raised PolyOne from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Friday, May 31st. Finally, Wellington Shields raised PolyOne from a “hold” rating to a “gradually accumulate” rating in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $35.86.

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC increased its position in shares of PolyOne by 220.7% in the second quarter. Parallel Advisors LLC now owns 789 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 543 shares during the period. Investors Research Corp bought a new position in shares of PolyOne in the second quarter worth $25,000. Doyle Wealth Management bought a new position in shares of PolyOne in the second quarter worth $68,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of PolyOne in the fourth quarter worth $97,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of PolyOne in the second quarter worth $203,000. 93.06% of the stock is owned by institutional investors.

PolyOne stock traded up $0.53 during mid-day trading on Thursday, hitting $30.22. 356,636 shares of the company’s stock traded hands, compared to its average volume of 611,827. The firm has a 50 day simple moving average of $31.02 and a two-hundred day simple moving average of $29.81. PolyOne has a fifty-two week low of $24.47 and a fifty-two week high of $45.34. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 1.26 and a beta of 1.73. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.68 and a quick ratio of 1.10.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Thursday, September 12th. PolyOne’s dividend payout ratio is currently 32.10%.

About PolyOne

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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