PolyOne (NYSE:POL) Releases Q2 Earnings Guidance

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.

TRADEMARK VIOLATION WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2019/06/10/polyone-nysepol-releases-q2-earnings-guidance.html.

About PolyOne

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.

Featured Story: Why are percentage decliners important?

Earnings History and Estimates for PolyOne (NYSE:POL)

Receive News & Ratings for PolyOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PolyOne and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply