Equities analysts expect that PolyOne Co. (NYSE:POL) will post sales of $929.28 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for PolyOne’s earnings. The lowest sales estimate is $905.70 million and the highest is $942.70 million. PolyOne reported sales of $901.60 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.1%. The firm is expected to announce its next earnings results on Thursday, April 25th.

According to Zacks, analysts expect that PolyOne will report full-year sales of $3.70 billion for the current year, with estimates ranging from $3.63 billion to $3.78 billion. For the next fiscal year, analysts expect that the business will report sales of $3.86 billion, with estimates ranging from $3.74 billion to $3.97 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover PolyOne.

PolyOne (NYSE:POL) last announced its quarterly earnings data on Tuesday, January 29th. The specialty chemicals company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. PolyOne had a net margin of 4.52% and a return on equity of 33.46%. The business had revenue of $834.00 million during the quarter, compared to the consensus estimate of $821.90 million. During the same period in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis.

Several research analysts have commented on POL shares. TheStreet downgraded shares of PolyOne from a “b-” rating to a “c+” rating in a research report on Wednesday, December 12th. Zacks Investment Research upgraded shares of PolyOne from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Tuesday, January 8th. KeyCorp restated an “overweight” rating and set a $43.00 price objective (down from $50.00) on shares of PolyOne in a research report on Thursday, October 25th. Wellington Shields downgraded shares of PolyOne from a “gradually accumulate” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, Robert W. Baird lowered their price objective on shares of PolyOne from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $38.08.

POL traded up $0.05 during trading on Wednesday, hitting $31.54. 682,482 shares of the stock traded hands, compared to its average volume of 510,989. PolyOne has a twelve month low of $26.16 and a twelve month high of $45.70. The company has a market cap of $2.51 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.24 and a beta of 1.73. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.79 and a quick ratio of 1.17.

Several hedge funds and other institutional investors have recently bought and sold shares of POL. Millennium Management LLC grew its stake in shares of PolyOne by 28.1% in the second quarter. Millennium Management LLC now owns 188,511 shares of the specialty chemicals company’s stock worth $8,147,000 after purchasing an additional 41,380 shares during the last quarter. Advisors Asset Management Inc. boosted its position in PolyOne by 5,112.2% during the second quarter. Advisors Asset Management Inc. now owns 350,783 shares of the specialty chemicals company’s stock valued at $205,000 after acquiring an additional 344,053 shares during the last quarter. Northern Trust Corp boosted its position in PolyOne by 0.7% during the second quarter. Northern Trust Corp now owns 1,224,090 shares of the specialty chemicals company’s stock valued at $52,904,000 after acquiring an additional 8,798 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in PolyOne by 6.5% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 571,000 shares of the specialty chemicals company’s stock valued at $24,964,000 after acquiring an additional 34,629 shares during the last quarter. Finally, First Hawaiian Bank bought a new stake in PolyOne during the third quarter valued at $109,000. 93.02% of the stock is currently owned by hedge funds and other institutional investors.

PolyOne Company Profile

PolyOne Corporation provides specialized polymer materials, services, and solutions in the United States, Canada, Mexico, Europe, South America, and Asia. The company operates in four segments: Color, Additives and Inks; Specialty Engineered Materials; Performance Products and Solutions; and PolyOne Distribution.

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Earnings History and Estimates for PolyOne (NYSE:POL)

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