Somewhat Positive Media Coverage Somewhat Unlikely to Impact PolyOne (POL) Stock Price
Media stories about PolyOne (NYSE:POL) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PolyOne earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the specialty chemicals company an impact score of 47.8280186938952 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Growing Demand for Packaged Foods to Impel the Growth of Antimicrobial Packaging Market in Future, According to Research Nester. (abnewswire.com)
- PolyOne (POL) versus Solutia (SOA) Head to Head Contrast (americanbankingnews.com)
- Global Conductive Polymers Market Report 2017-2023 Featuring Celanese, Covestro, KEMET, SABIC, Solvay SA, Heraeus and 3M (finanznachrichten.de)
- Mexico continues to have growth appeal for compounders (plasticsnews.com)
- Colorants Market Size by Type and End-Use Industry, 2023 (sbwire.com)
Shares of PolyOne (NYSE POL) traded down $0.59 during trading hours on Friday, hitting $45.65. The stock had a trading volume of 462,186 shares, compared to its average volume of 313,876. The stock has a market capitalization of $3,688.70, a P/E ratio of 20.94, a P/E/G ratio of 2.10 and a beta of 1.84. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.38 and a current ratio of 1.96. PolyOne has a twelve month low of $31.68 and a twelve month high of $46.79.
PolyOne (NYSE:POL) last announced its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The business had revenue of $818.50 million during the quarter, compared to the consensus estimate of $789.32 million. PolyOne had a positive return on equity of 27.77% and a negative net margin of 1.87%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. research analysts forecast that PolyOne will post 2.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 15th will be given a $0.175 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from PolyOne’s previous quarterly dividend of $0.14. PolyOne’s payout ratio is currently -71.05%.
POL has been the subject of several recent research reports. Zacks Investment Research raised PolyOne from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Robert W. Baird reissued a “buy” rating and set a $42.00 price target on shares of PolyOne in a research report on Thursday, October 12th. Jefferies Group reissued a “hold” rating and set a $42.00 price target on shares of PolyOne in a research report on Friday, September 15th. SunTrust Banks reissued a “buy” rating and set a $42.00 price target on shares of PolyOne in a research report on Friday, October 27th. Finally, KeyCorp set a $47.00 price target on PolyOne and gave the stock a “buy” rating in a research report on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $43.17.
PolyOne Company Profile
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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