Equities Analysts Set Expectations for PolyOne Co.’s Q1 2019 Earnings (POL)

PolyOne Co. (NYSE:POL) – Analysts at Seaport Global Securities issued their Q1 2019 earnings per share estimates for shares of PolyOne in a research report issued on Wednesday. Seaport Global Securities analyst M. Harrison forecasts that the specialty chemicals company will earn $0.77 per share for the quarter. Seaport Global Securities also issued estimates for PolyOne’s Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.76 EPS and Q4 2019 earnings at $0.58 EPS.

POL has been the subject of a number of other research reports. Robert W. Baird lowered PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 target price for the company. in a research note on Tuesday. Zacks Investment Research lowered PolyOne from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine upgraded PolyOne from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. SunTrust Banks reiterated a “buy” rating and issued a $42.00 target price on shares of PolyOne in a research note on Friday, October 27th. Finally, KeyCorp set a $47.00 target price on PolyOne and gave the company a “buy” rating in a research note on Thursday, October 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $44.57.

PolyOne (NYSE:POL) traded up $1.04 during trading on Friday, hitting $44.77. The stock had a trading volume of 371,331 shares, compared to its average volume of 375,400. The stock has a market cap of $3,589.32, a P/E ratio of -58.91, a price-to-earnings-growth ratio of 1.80 and a beta of 1.84. The company has a current ratio of 1.96, a quick ratio of 1.38 and a debt-to-equity ratio of 2.32. PolyOne has a 52 week low of $31.68 and a 52 week high of $46.79.

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

Several hedge funds have recently bought and sold shares of the company. State Street Corp grew its stake in shares of PolyOne by 3.2% in the second quarter. State Street Corp now owns 2,778,681 shares of the specialty chemicals company’s stock valued at $107,643,000 after buying an additional 86,473 shares in the last quarter. Wells Fargo & Company MN grew its stake in PolyOne by 11.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,343,438 shares of the specialty chemicals company’s stock valued at $93,808,000 after purchasing an additional 246,918 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in PolyOne by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,099,348 shares of the specialty chemicals company’s stock valued at $84,039,000 after purchasing an additional 30,766 shares in the last quarter. Channing Capital Management LLC grew its stake in PolyOne by 0.9% during the 3rd quarter. Channing Capital Management LLC now owns 2,023,226 shares of the specialty chemicals company’s stock valued at $80,990,000 after purchasing an additional 17,745 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in PolyOne by 42.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,673,185 shares of the specialty chemicals company’s stock valued at $66,978,000 after purchasing an additional 500,506 shares in the last quarter. Institutional investors and hedge funds own 93.67% of the company’s stock.

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PolyOne Company Profile

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 (NYSE:POL)

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