PolyOne Corporation (NYSE:POL) – Equities researchers at Seaport Global Securities raised their FY2017 EPS estimates for PolyOne Corporation in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will earn $2.22 per share for the year, up from their previous estimate of $2.19. Seaport Global Securities also issued estimates for PolyOne Corporation’s Q3 2018 earnings at $0.68 EPS.

Other equities analysts also recently issued reports about the company. CIBC began coverage on PolyOne Corporation in a research report on Thursday, August 17th. They set an “outperform” rating and a $43.00 price objective for the company. BidaskClub downgraded PolyOne Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. KeyCorp set a $47.00 price objective on PolyOne Corporation and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded PolyOne Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Oppenheimer Holdings, Inc. began coverage on PolyOne Corporation in a research report on Wednesday, August 16th. They set an “outperform” rating and a $43.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. PolyOne Corporation presently has an average rating of “Buy” and a consensus target price of $43.17.

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Shares of PolyOne Corporation (NYSE POL) opened at 45.18 on Monday. PolyOne Corporation has a 52 week low of $28.85 and a 52 week high of $46.22. The company’s market capitalization is $3.70 billion. The stock has a 50 day moving average price of $40.22 and a 200-day moving average price of $38.05.

PolyOne Corporation (NYSE:POL) last announced its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $818.50 million during the quarter, compared to analysts’ expectations of $789.32 million. PolyOne Corporation had a positive return on equity of 27.77% and a negative net margin of 1.87%. PolyOne Corporation’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS.

Hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC increased its holdings in PolyOne Corporation by 85.7% in the second quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock worth $101,000 after purchasing an additional 1,200 shares in the last quarter. Advisor Group Inc. increased its holdings in PolyOne Corporation by 2.6% in the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 84 shares in the last quarter. Quantbot Technologies LP bought a new stake in PolyOne Corporation in the second quarter worth approximately $143,000. Victory Capital Management Inc. increased its holdings in 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 worth $144,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in PolyOne Corporation by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,063 shares of the specialty chemicals company’s stock worth $157,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th will be issued a $0.175 dividend. This is an increase from PolyOne Corporation’s previous quarterly dividend of $0.14. This represents a $0.70 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, December 14th. PolyOne Corporation’s payout ratio is presently -71.05%.

About PolyOne Corporation

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.

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

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