PolyOne Corporation (NYSE:POL) – Equities researchers at SunTrust Banks reduced their Q4 2017 earnings per share (EPS) estimates for PolyOne Corporation in a note issued to investors on Monday. SunTrust Banks analyst J. Freuchtel now forecasts that the specialty chemicals company will post earnings of $0.38 per share for the quarter, down from their previous estimate of $0.40. SunTrust Banks has a “Buy” rating and a $42.00 price target on the stock. SunTrust Banks also issued estimates for PolyOne Corporation’s Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.66 EPS and FY2018 earnings at $2.53 EPS.

PolyOne Corporation (NYSE:POL) last issued 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. PolyOne Corporation had a positive return on equity of 27.77% and a negative net margin of 1.87%. The firm had revenue of $818.50 million for the quarter, compared to analysts’ expectations of $789.32 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year.

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Several other brokerages have also commented on POL. Zacks Investment Research raised PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp set a $47.00 price objective on PolyOne Corporation and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a report on Thursday, October 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $42.00 price objective on shares of PolyOne Corporation in a report on Thursday, October 19th. Finally, BidaskClub raised PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. PolyOne Corporation has an average rating of “Buy” and a consensus price target of $43.17.

Shares of PolyOne Corporation (NYSE POL) traded up 0.59% on Wednesday, hitting $46.34. The stock had a trading volume of 166,734 shares. The stock has a 50 day moving average of $40.71 and a 200-day moving average of $38.24. The stock’s market cap is $3.79 billion. PolyOne Corporation has a 12 month low of $28.85 and a 12 month high of $46.54.

Several institutional investors have recently made changes to their positions in the company. Advisor Group Inc. lifted its position in shares of PolyOne Corporation by 2.6% in the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock valued at $126,000 after acquiring an additional 84 shares in the last quarter. Oakbrook Investments LLC lifted its position in shares of PolyOne Corporation by 2.5% in the second quarter. Oakbrook Investments LLC now owns 6,050 shares of the specialty chemicals company’s stock valued at $234,000 after acquiring an additional 150 shares in the last quarter. Amalgamated Bank lifted its position in shares of PolyOne Corporation by 1.5% in the second quarter. Amalgamated Bank now owns 11,704 shares of the specialty chemicals company’s stock valued at $453,000 after acquiring an additional 175 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of PolyOne Corporation by 0.3% in the second quarter. Texas Permanent School Fund now owns 59,691 shares of the specialty chemicals company’s stock valued at $2,312,000 after acquiring an additional 201 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its position in shares of PolyOne Corporation by 0.9% in the second quarter. State Treasurer State of Michigan now owns 33,700 shares of the specialty chemicals company’s stock valued at $1,306,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 93.98% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 15th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.52%. This is an increase from PolyOne Corporation’s previous quarterly dividend of $0.14. 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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