PolyOne (NYSE:POL) posted its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01), MarketWatch Earnings reports. PolyOne had a net margin of 4.52% and a return on equity of 33.46%. The firm had revenue of $899.90 million for the quarter, compared to analysts’ expectations of $922.33 million. During the same period last year, the firm posted $0.68 EPS. PolyOne’s revenue was down .2% on a year-over-year basis.
Shares of PolyOne stock opened at $30.87 on Wednesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.17 and a current ratio of 1.79. The company has a market cap of $2.37 billion, a PE ratio of 12.70, a P/E/G ratio of 1.20 and a beta of 1.71. PolyOne has a twelve month low of $26.16 and a twelve month high of $45.70.
The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, March 14th. PolyOne’s payout ratio is 32.10%.
Institutional investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in shares of PolyOne by 2,760.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 902,816 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 871,249 shares during the period. Private Capital Group LLC raised its position in shares of PolyOne by 52.3% during the 4th quarter. Private Capital Group LLC now owns 1,298 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 446 shares during the period. Kings Point Capital Management acquired a new stake in shares of PolyOne during the 4th quarter worth approximately $43,000. Meeder Asset Management Inc. raised its position in shares of PolyOne by 328.3% during the 4th quarter. Meeder Asset Management Inc. now owns 1,996 shares of the specialty chemicals company’s stock worth $57,000 after purchasing an additional 1,530 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in shares of PolyOne during the 4th quarter worth approximately $80,000. Institutional investors and hedge funds own 93.53% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “PolyOne (POL) Issues Earnings Results” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://sportsperspectives.com/2019/04/17/polyone-pol-issues-earnings-results.html.
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.
Read More: Stock Symbols and CUSIP Explained
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.