Brokers Set Expectations for PolyOne Co.’s FY2019 Earnings (POL)

PolyOne Co. (NYSE:POL) – Equities research analysts at Seaport Global Securities issued their FY2019 earnings estimates for shares of PolyOne in a report issued on Wednesday. Seaport Global Securities analyst M. Harrison anticipates that the specialty chemicals company will earn $2.94 per share for the year.

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

POL has been the topic of several other reports. SunTrust Banks reaffirmed a “buy” rating and set a $42.00 price target on shares of PolyOne in a research note on Friday, October 27th. ValuEngine raised shares of PolyOne from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Jefferies Group reaffirmed a “hold” rating and set a $42.00 price target on shares of PolyOne in a research note on Thursday, October 19th. Zacks Investment Research raised shares of PolyOne from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Wednesday, December 27th. Finally, Robert W. Baird cut shares of PolyOne from an “outperform” rating to a “neutral” rating and set a $46.00 price target on the stock. in a research note on Tuesday, January 16th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.57.

Shares of PolyOne (NYSE POL) traded up $1.04 during midday trading on Monday, reaching $44.77. 371,300 shares of the company were exchanged, compared to its average volume of 375,400. The firm has a market cap of $3,620.00, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.81 and a beta of 1.83. PolyOne has a 12-month low of $31.68 and a 12-month high of $46.79. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.38 and a current ratio of 1.96.

Several hedge funds have recently made changes to their positions in the company. Mondrian Investment Partners LTD purchased a new position in shares of PolyOne during the 4th quarter worth about $3,026,000. Fox Run Management L.L.C. purchased a new position in shares of PolyOne during the 4th quarter worth about $859,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of PolyOne by 1.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 616,245 shares of the specialty chemicals company’s stock worth $26,807,000 after acquiring an additional 8,784 shares during the period. Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of PolyOne by 4.3% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 451,889 shares of the specialty chemicals company’s stock worth $19,657,000 after acquiring an additional 18,829 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of PolyOne by 176.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,759 shares of the specialty chemicals company’s stock worth $831,000 after acquiring an additional 13,243 shares during the period. Institutional investors and hedge funds own 93.72% 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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