Analysts expect PolyOne Co. (NYSE:POL) to announce $938.20 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for PolyOne’s earnings, with the highest sales estimate coming in at $961.40 million and the lowest estimate coming in at $917.40 million. PolyOne posted sales of $914.80 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, July 25th.

According to Zacks, analysts expect that PolyOne will report full year sales of $3.64 billion for the current fiscal year, with estimates ranging from $3.56 billion to $3.71 billion. For the next year, analysts forecast that the company will post sales of $3.78 billion, with estimates ranging from $3.68 billion to $3.86 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for PolyOne.

PolyOne (NYSE:POL) last issued its quarterly earnings results on Wednesday, April 17th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). PolyOne had a return on equity of 32.76% and a net margin of 4.28%. The firm had revenue of $899.90 million for the quarter, compared to analyst estimates of $922.33 million. During the same quarter last year, the firm earned $0.68 earnings per share. The company’s revenue was down .2% compared to the same quarter last year.

A number of brokerages have recently issued reports on POL. Zacks Investment Research upgraded shares of HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. Buckingham Research dropped their price target on shares of PolyOne from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Wellington Shields upgraded shares of PolyOne from a “hold” rating to a “gradually accumulate” rating in a research note on Tuesday, June 11th. KeyCorp dropped their price target on shares of PolyOne from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Finally, Northcoast Research raised shares of PolyOne from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. PolyOne has an average rating of “Hold” and an average target price of $36.00.

Hedge funds have recently added to or reduced their stakes in the stock. Investors Research Corp purchased a new stake in PolyOne during the second quarter worth about $25,000. Bessemer Group Inc. purchased a new stake in shares of PolyOne in the fourth quarter valued at about $80,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of PolyOne in the fourth quarter valued at about $97,000. Crossmark Global Holdings Inc. purchased a new stake in shares of PolyOne in the second quarter valued at about $203,000. Finally, Sciencast Management LP purchased a new stake in shares of PolyOne in the first quarter valued at about $223,000. 92.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PolyOne stock traded down $0.01 on Tuesday, reaching $30.41. 337,520 shares of the stock were exchanged, compared to its average volume of 488,466. PolyOne has a 1-year low of $24.47 and a 1-year high of $45.53. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.81 and a quick ratio of 1.16. The stock’s fifty day simple moving average is $29.16. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.30 and a beta of 1.74.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Thursday, September 12th. PolyOne’s dividend payout ratio is currently 32.10%.

About PolyOne

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 and Estimates for PolyOne (NYSE:POL)

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