PolyOne Corporation (NYSE:POL) – Northcoast Research reduced their FY2018 EPS estimates for shares of PolyOne Corporation in a research note issued on Monday. Northcoast Research analyst K. Hocevar now expects that the specialty chemicals company will earn $2.50 per share for the year, down from their prior estimate of $2.60.

POL has been the subject of a number of other research reports. BidaskClub cut PolyOne Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research cut PolyOne Corporation from a “buy” rating to a “hold” rating in a report on Saturday, May 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $38.00 target price on shares of PolyOne Corporation in a report on Thursday, April 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $39.00.

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Shares of PolyOne Corporation (NYSE:POL) traded up 1.06% during mid-day trading on Wednesday, reaching $38.29. The company had a trading volume of 131,388 shares. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 18.60 and a beta of 1.71. PolyOne Corporation has a 52-week low of $28.77 and a 52-week high of $40.88. The firm’s 50-day moving average price is $37.89 and its 200 day moving average price is $35.17.

PolyOne Corporation (NYSE:POL) last announced its quarterly earnings data on Thursday, April 27th. The specialty chemicals company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The firm had revenue of $899 million during the quarter, compared to analyst estimates of $860.52 million. PolyOne Corporation had a return on equity of 24.50% and a net margin of 5.10%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Friday, June 16th were paid a $0.135 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.54 annualized dividend and a dividend yield of 1.43%. PolyOne Corporation’s payout ratio is 26.21%.

Several large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of PolyOne Corporation by 57.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,746 shares of the specialty chemicals company’s stock valued at $128,000 after buying an additional 1,370 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of PolyOne Corporation by 46.3% in the first quarter. Victory Capital Management Inc. now owns 4,223 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 1,336 shares during the last quarter. Creative Planning boosted its stake in shares of PolyOne Corporation by 22.7% in the first quarter. Creative Planning now owns 4,520 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 836 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of PolyOne Corporation by 76.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,895 shares of the specialty chemicals company’s stock valued at $167,000 after buying an additional 2,126 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of PolyOne Corporation during the first quarter valued at $190,000. 93.10% of the stock is owned by institutional investors.

PolyOne Corporation Company Profile

PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. Its segments include Color, Additives and Inks; Specialty Engineered Materials; Designed Structures and Solutions; 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.

Earnings History and Estimates for PolyOne Corporation (NYSE:POL)

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