PolyOne Co. (NYSE:POL) – Equities researchers at KeyCorp increased their Q2 2019 earnings per share estimates for PolyOne in a research report issued on Tuesday, June 11th. KeyCorp analyst M. Sison now anticipates that the specialty chemicals company will post earnings of $0.73 per share for the quarter, up from their prior estimate of $0.68. KeyCorp has a “Overweight” rating and a $34.00 price objective on the stock. KeyCorp also issued estimates for PolyOne’s FY2019 earnings at $2.50 EPS.
Several other equities research analysts also recently issued reports on POL. Zacks Investment Research downgraded PolyOne from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. ValuEngine upgraded PolyOne from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Wellington Shields upgraded PolyOne from a “hold” rating to a “gradually accumulate” rating in a research report on Tuesday. Buckingham Research cut their price objective on PolyOne from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Northcoast Research upgraded PolyOne from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. PolyOne currently has a consensus rating of “Hold” and a consensus price target of $36.00.
Shares of PolyOne stock opened at $29.49 on Friday. PolyOne has a 12-month low of $24.47 and a 12-month high of $45.70. The firm has a market cap of $2.28 billion, a P/E ratio of 12.14, a P/E/G ratio of 1.26 and a beta of 1.61. The company has a quick ratio of 1.16, a current ratio of 1.81 and a debt-to-equity ratio of 2.63.
PolyOne (NYSE:POL) last issued its earnings results on Wednesday, April 17th. The specialty chemicals company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). PolyOne had a return on equity of 32.76% and a net margin of 4.28%. The firm had revenue of $899.90 million for the quarter, compared to analyst estimates of $922.33 million. During the same period in the previous year, the company earned $0.68 earnings per share. PolyOne’s revenue for the quarter was down .2% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 14th will be given a $0.195 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.64%. PolyOne’s dividend payout ratio is currently 32.10%.
Hedge funds have recently modified their holdings of the company. Kings Point Capital Management bought a new stake in shares of PolyOne in the 4th quarter worth approximately $43,000. DekaBank Deutsche Girozentrale bought a new stake in shares of PolyOne in the 1st quarter worth approximately $89,000. Bessemer Group Inc. bought a new stake in shares of PolyOne in the 4th quarter worth approximately $80,000. Bank of Montreal Can grew its position in shares of PolyOne by 73.4% in the 4th quarter. Bank of Montreal Can now owns 3,128 shares of the specialty chemicals company’s stock worth $90,000 after buying an additional 1,324 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in shares of PolyOne in the 4th quarter worth approximately $97,000. Hedge funds and other institutional investors own 92.47% of the company’s stock.
PolyOne Company Profile
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: What is the Federal Reserve?
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.