PolyOne Corporation (NYSE:POL) – Analysts at Oppenheimer Holdings issued their Q3 2017 earnings per share (EPS) estimates for PolyOne Corporation in a research report issued on Wednesday. Oppenheimer Holdings analyst C. Rusch anticipates that the specialty chemicals company will post earnings of $0.58 per share for the quarter. Oppenheimer Holdings currently has a “Outperform” rating and a $43.00 target price on the stock. Oppenheimer Holdings also issued estimates for PolyOne Corporation’s Q4 2017 earnings at $0.43 EPS, FY2017 earnings at $2.23 EPS, FY2018 earnings at $2.52 EPS, FY2019 earnings at $2.72 EPS and FY2020 earnings at $3.05 EPS.

PolyOne Corporation (NYSE:POL) last announced its earnings results on Tuesday, July 25th. The specialty chemicals company reported $0.63 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.63. PolyOne Corporation had a positive return on equity of 25.84% and a negative net margin of 1.75%. The business had revenue of $814.10 million for the quarter, compared to analyst estimates of $812.52 million. During the same quarter last year, the firm earned $0.59 EPS. PolyOne Corporation’s revenue for the quarter was up 7.4% compared to the same quarter last year.

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Other research analysts have also issued research reports about the company. TheStreet upgraded PolyOne Corporation from a “c+” rating to a “b-” rating in a report on Monday, April 24th. Zacks Investment Research upgraded PolyOne Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, May 3rd. Finally, BidaskClub upgraded PolyOne Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $40.80.

Shares of PolyOne Corporation (POL) opened at 36.43 on Monday. PolyOne Corporation has a 12 month low of $28.77 and a 12 month high of $40.88. The company has a 50-day moving average price of $37.27 and a 200-day moving average price of $36.19. The firm’s market cap is $2.98 billion.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC raised its position in shares of PolyOne Corporation by 85.7% in the second quarter. Acrospire Investment Management LLC now owns 2,601 shares of the specialty chemicals company’s stock valued at $101,000 after buying an additional 1,200 shares during the last quarter. Advisor Group Inc. increased its stake in shares of PolyOne Corporation by 2.6% in the second quarter. Advisor Group Inc. now owns 3,254 shares of the specialty chemicals company’s stock valued at $126,000 after buying an additional 84 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PolyOne Corporation by 57.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,746 shares of the specialty chemicals company’s stock valued at $128,000 after buying an additional 1,370 shares during the period. Quantbot Technologies LP bought a new stake in shares of PolyOne Corporation during the second quarter valued at approximately $143,000. Finally, Victory Capital Management Inc. increased its stake in shares of PolyOne Corporation by 46.3% in the first quarter. Victory Capital Management Inc. now owns 4,223 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 1,336 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be issued a $0.135 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.54 annualized dividend and a yield of 1.48%. PolyOne Corporation’s payout ratio is currently -73.97%.

PolyOne Corporation 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.

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

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