PolyOne (POL) Issues Earnings Results

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%.

Several brokerages have recently weighed in on POL. Zacks Investment Research downgraded PolyOne from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. Buckingham Research began coverage on PolyOne in a research note on Tuesday, February 5th. They issued a “buy” rating and a $32.40 price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.08.

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.

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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.

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Earnings History for PolyOne (NYSE:POL)

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