PolyOne (NYSE:POL) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.72-0.74 for the period, compared to the Thomson Reuters consensus estimate of $0.68.
Shares of NYSE:POL traded up $0.42 during midday trading on Monday, hitting $27.05. The stock had a trading volume of 757,992 shares, compared to its average volume of 629,923. PolyOne has a 12 month low of $24.47 and a 12 month high of $45.70. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $2.07 billion, a PE ratio of 11.13, a P/E/G ratio of 1.15 and a beta of 1.61.
PolyOne (NYSE:POL) last released its earnings results on Wednesday, April 17th. The specialty chemicals company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). PolyOne had a net margin of 4.28% and a return on equity of 32.76%. The firm had revenue of $899.90 million during the quarter, compared to the consensus estimate of $922.33 million. During the same period in the prior year, the business posted $0.68 earnings per share. PolyOne’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that PolyOne will post 2.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 14th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.78 dividend on an annualized basis and a yield of 2.88%. PolyOne’s dividend payout ratio (DPR) is 32.10%.
A number of equities research analysts have recently weighed in on POL shares. Zacks Investment Research downgraded PolyOne from a hold rating to a sell rating in a report on Friday, April 5th. ValuEngine downgraded PolyOne from a sell rating to a strong sell rating in a report on Thursday, April 18th. Northcoast Research raised PolyOne from a neutral rating to a buy rating and set a $36.00 target price for the company in a report on Thursday, April 18th. KeyCorp dropped their target price on PolyOne from $36.00 to $34.00 and set an overweight rating for the company in a report on Thursday, April 18th. Finally, Buckingham Research dropped their target price on PolyOne from $40.00 to $36.00 and set a buy rating for the company in a report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $36.00.
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PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. It operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and Distribution. The Color, Additives and Inks segment offers specialized color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols, and vinyl slush molding solutions.
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