Wall Street brokerages expect PolyOne Co. (NYSE:POL) to post $861.85 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for PolyOne’s earnings, with the highest sales estimate coming in at $886.40 million and the lowest estimate coming in at $840.00 million. PolyOne reported sales of $898.80 million in the same quarter last year, which indicates a negative year-over-year growth rate of 4.1%. The business is expected to report its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that PolyOne will report full-year sales of $861.85 million for the current year, with estimates ranging from $3.25 billion to $3.50 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.57 billion per share, with estimates ranging from $3.39 billion to $3.68 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow PolyOne.

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PolyOne (NYSE:POL) last issued its earnings results on Friday, January 26th. The specialty chemicals company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. PolyOne had a negative net margin of 1.73% and a positive return on equity of 29.46%. The company had revenue of $801.00 million for the quarter, compared to analysts’ expectations of $739.77 million. During the same period in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was up 1.7% compared to the same quarter last year.

POL has been the topic of a number of analyst reports. Zacks Investment Research raised shares of PolyOne from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Tuesday, January 23rd. SunTrust Banks reaffirmed a “buy” rating on shares of PolyOne in a report on Monday, January 29th. ValuEngine raised shares of PolyOne from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. KeyCorp reaffirmed a “buy” rating and issued a $50.00 price objective on shares of PolyOne in a report on Monday, January 29th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of PolyOne in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $45.71.

A number of institutional investors have recently added to or reduced their stakes in POL. Nationwide Fund Advisors increased its stake in PolyOne by 1.8% during the 3rd quarter. Nationwide Fund Advisors now owns 290,297 shares of the specialty chemicals company’s stock valued at $11,621,000 after buying an additional 5,217 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of PolyOne during the 3rd quarter valued at about $265,000. Sei Investments Co. boosted its position in shares of PolyOne by 10.2% during the 3rd quarter. Sei Investments Co. now owns 190,956 shares of the specialty chemicals company’s stock valued at $7,643,000 after purchasing an additional 17,707 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of PolyOne by 0.8% during the 3rd quarter. New York State Common Retirement Fund now owns 204,996 shares of the specialty chemicals company’s stock valued at $8,206,000 after purchasing an additional 1,633 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of PolyOne by 9.1% during the 3rd quarter. Comerica Bank now owns 163,977 shares of the specialty chemicals company’s stock valued at $7,335,000 after purchasing an additional 13,701 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

PolyOne (NYSE POL) traded down $0.25 during mid-day trading on Tuesday, hitting $42.23. 100,920 shares of the company were exchanged, compared to its average volume of 401,094. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.29 and a current ratio of 1.87. PolyOne has a 1-year low of $32.43 and a 1-year high of $47.48. The firm has a market cap of $3,511.35, a PE ratio of -60.69, a PEG ratio of 1.65 and a beta of 1.73.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.175 per share. The ex-dividend date is Monday, March 19th. This represents a $0.70 annualized dividend and a yield of 1.66%. PolyOne’s payout ratio is -100.00%.

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About PolyOne

PolyOne Corporation (PolyOne) provides specialized polymer materials, services and solutions. The Company’s segments include Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions, and PolyOne Distribution. The Color, Additives and Inks segment provides custom color and additive concentrates in solid and liquid form for thermoplastics, dispersions for thermosets.

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Earnings History and Estimates for PolyOne (NYSE:POL)

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