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.
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.
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