PolyOne Corporation (NYSE:POL) – Investment analysts at SunTrust Banks lifted their FY2017 earnings per share (EPS) estimates for PolyOne Corporation in a research note issued on Monday. SunTrust Banks analyst J. Freuchtel now forecasts that the specialty chemicals company will post earnings per share of $2.19 for the year, up from their prior forecast of $2.18. SunTrust Banks has a “Buy” rating and a $42.00 price target on the stock.

POL has been the subject of a number of other research reports. Zacks Investment Research raised PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 18th. BidaskClub raised PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 14th. CIBC assumed coverage on PolyOne Corporation in a report on Thursday, August 17th. They set an “outperform” rating and a $43.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $42.00 target price on shares of PolyOne Corporation in a report on Friday, September 15th. Finally, KeyCorp set a $47.00 target price on PolyOne Corporation and gave the stock a “buy” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $43.17.

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PolyOne Corporation (NYSE:POL) opened at $46.46 on Thursday. The firm has a market capitalization of $3.73 billion, a PE ratio of 21.17, a P/E/G ratio of 2.12 and a beta of 1.85. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.96 and a quick ratio of 1.38.

PolyOne Corporation (NYSE:POL) last posted its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $818.50 million during the quarter, compared to analyst estimates of $789.32 million. PolyOne Corporation had a positive return on equity of 27.77% and a negative net margin of 1.87%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 15th will be issued a $0.175 dividend. The ex-dividend date is Thursday, December 14th. This is an increase from PolyOne Corporation’s previous quarterly dividend of $0.14. This represents a $0.70 dividend on an annualized basis and a yield of 1.51%. PolyOne Corporation’s payout ratio is presently -71.05%.

A number of large investors have recently made changes to their positions in POL. BlackRock Inc. lifted its holdings in PolyOne Corporation by 13,264.4% in the first quarter. BlackRock Inc. now owns 9,786,179 shares of the specialty chemicals company’s stock valued at $333,610,000 after acquiring an additional 9,712,953 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in PolyOne Corporation in the second quarter valued at approximately $51,188,000. Victory Capital Management Inc. lifted its holdings in PolyOne Corporation by 27,668.9% in the second quarter. Victory Capital Management Inc. now owns 1,172,679 shares of the specialty chemicals company’s stock valued at $45,429,000 after acquiring an additional 1,168,456 shares during the period. GW&K Investment Management LLC acquired a new position in PolyOne Corporation in the second quarter valued at approximately $36,812,000. Finally, American Century Companies Inc. acquired a new position in PolyOne Corporation in the second quarter valued at approximately $23,982,000. 93.98% of the stock is owned by institutional investors.

About PolyOne Corporation

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.

Earnings History and Estimates for PolyOne Corporation (NYSE:POL)

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