PolyOne Corp. (NYSE:POL) – Investment analysts at Jefferies Group lowered their Q3 2016 earnings per share estimates for PolyOne Corp. in a research report issued to clients and investors on Wednesday. Jefferies Group analyst L. Alexander now forecasts that the brokerage will post earnings of $0.54 per share for the quarter, down from their previous forecast of $0.61. Jefferies Group currently has a “Hold” rating and a $36.00 price objective on the stock. Jefferies Group also issued estimates for PolyOne Corp.’s FY2016 earnings at $2.15 EPS and FY2017 earnings at $2.35 EPS.

POL has been the topic of several other reports. Zacks Investment Research downgraded shares of PolyOne Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Goldman Sachs Group Inc. downgraded shares of PolyOne Corp. from a “buy” rating to a “neutral” rating and cut their price objective for the company from $42.00 to $38.00 in a research report on Wednesday, July 27th. Finally, Wellington Shields upgraded shares of PolyOne Corp. from a “hold” rating to a “gradually accumulate” rating in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $37.33.

Earnings History and Estimates for PolyOne Corp. (NYSE:POL)

Shares of PolyOne Corp. (NYSE:POL) opened at 31.24 on Friday. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 19.71 and a beta of 1.41. The stock has a 50 day moving average of $32.98 and a 200 day moving average of $34.67. PolyOne Corp. has a 52-week low of $22.35 and a 52-week high of $38.41.

PolyOne Corp. (NYSE:POL) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $861.50 million for the quarter, compared to analyst estimates of $879.38 million. PolyOne Corp. had a net margin of 4.11% and a return on equity of 25.34%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Friday, December 16th will be paid a $0.1325 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $0.53 annualized dividend and a dividend yield of 1.70%. This is a boost from PolyOne Corp.’s previous quarterly dividend of $0.12. PolyOne Corp.’s payout ratio is currently 30.19%.

Several institutional investors have recently made changes to their positions in the company. Pacad Investment Ltd. acquired a new position in shares of PolyOne Corp. during the first quarter valued at about $369,000. Prudential Financial Inc. boosted its position in shares of PolyOne Corp. by 310.7% in the first quarter. Prudential Financial Inc. now owns 432,119 shares of the company’s stock valued at $13,072,000 after buying an additional 326,916 shares in the last quarter. BlackRock Inc. boosted its position in shares of PolyOne Corp. by 8.8% in the first quarter. BlackRock Inc. now owns 34,874 shares of the company’s stock valued at $1,055,000 after buying an additional 2,815 shares in the last quarter. BlackRock Group LTD boosted its position in shares of PolyOne Corp. by 20.8% in the first quarter. BlackRock Group LTD now owns 63,455 shares of the company’s stock valued at $1,918,000 after buying an additional 10,927 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of PolyOne Corp. by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,488,877 shares of the company’s stock valued at $75,289,000 after buying an additional 16,885 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

About PolyOne Corp.

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