PolyOne (NYSE:POL) announced its quarterly earnings results on Tuesday. The specialty chemicals company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01, Bloomberg Earnings reports. The business had revenue of $705.00 million during the quarter, compared to the consensus estimate of $721.91 million. PolyOne had a net margin of 4.03% and a return on equity of 33.07%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS.
Shares of NYSE POL opened at $31.71 on Tuesday. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.66 and a beta of 1.71. PolyOne has a 52 week low of $24.47 and a 52 week high of $36.52. The company’s 50-day moving average price is $32.40 and its 200 day moving average price is $30.06. The company has a current ratio of 1.68, a quick ratio of 1.10 and a debt-to-equity ratio of 2.53.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Friday, December 13th will be paid a $0.203 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 2.56%. This is a boost from PolyOne’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, December 12th. PolyOne’s dividend payout ratio is presently 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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