Equities analysts predict that PolyOne Co. (NYSE:POL) will report sales of $688.08 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for PolyOne’s earnings, with the lowest sales estimate coming in at $679.80 million and the highest estimate coming in at $691.40 million. PolyOne posted sales of $834.00 million in the same quarter last year, which suggests a negative year over year growth rate of 17.5%. The firm is expected to report its next earnings results before the market opens on Tuesday, January 28th.

According to Zacks, analysts expect that PolyOne will report full-year sales of $3.03 billion for the current fiscal year, with estimates ranging from $2.84 billion to $3.20 billion. For the next year, analysts forecast that the business will post sales of $3.06 billion, with estimates ranging from $2.91 billion to $3.54 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for PolyOne.

PolyOne (NYSE:POL) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. PolyOne had a return on equity of 30.57% and a net margin of 4.03%. The business had revenue of $705.00 million for the quarter, compared to the consensus estimate of $721.91 million. During the same quarter in the prior year, the company earned $0.62 EPS. The business’s revenue was down 3.3% compared to the same quarter last year.

A number of research firms have recently issued reports on POL. TheStreet downgraded PolyOne from a “b-” rating to a “c+” rating in a research report on Tuesday, December 10th. Wells Fargo & Co raised PolyOne from an “equal weight” rating to an “overweight” rating and set a $42.00 price target on the stock in a research report on Tuesday, January 14th. ValuEngine downgraded PolyOne from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Zacks Investment Research raised PolyOne from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $36.43.

Hedge funds have recently modified their holdings of the stock. Doyle Wealth Management bought a new stake in PolyOne during the second quarter valued at about $68,000. Strs Ohio boosted its position in PolyOne by 30.0% during the third quarter. Strs Ohio now owns 3,900 shares of the specialty chemicals company’s stock valued at $127,000 after purchasing an additional 900 shares in the last quarter. Point72 Asset Management L.P. boosted its position in PolyOne by 204.8% during the third quarter. Point72 Asset Management L.P. now owns 6,400 shares of the specialty chemicals company’s stock valued at $209,000 after purchasing an additional 4,300 shares in the last quarter. Bank of Montreal Can boosted its position in PolyOne by 410.8% during the second quarter. Bank of Montreal Can now owns 7,683 shares of the specialty chemicals company’s stock valued at $241,000 after purchasing an additional 6,179 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in PolyOne by 295.6% during the second quarter. Tower Research Capital LLC TRC now owns 8,142 shares of the specialty chemicals company’s stock valued at $255,000 after purchasing an additional 6,084 shares in the last quarter. 91.91% of the stock is currently owned by institutional investors.

Shares of POL traded down $0.13 during midday trading on Tuesday, reaching $36.61. 918,058 shares of the stock were exchanged, compared to its average volume of 565,686. PolyOne has a 52 week low of $24.47 and a 52 week high of $37.33. The company has a current ratio of 1.88, a quick ratio of 1.43 and a debt-to-equity ratio of 2.45. The company’s 50 day moving average is $34.23 and its two-hundred day moving average is $32.50. The company has a market capitalization of $2.83 billion, a P/E ratio of 21.16, a PEG ratio of 2.02 and a beta of 1.73.

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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