PolyOne Corporation (POL) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.63 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.61. The company posted revenue of $861.50 million in the period, compared to analysts expectations of $878.15 million. The company’s revenue was down -2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
Many Wall Street Analysts have commented on PolyOne Corporation. PolyOne Corporation was Upgraded by Wellington Shields to ” Gradually Accumulate” on Jun 30, 2016.
PolyOne Corporation closed down -1.3 points or -3.54% at $35.41 with 10,53,586 shares getting traded on Thursday. Post opening the session at $35.5, the shares hit an intraday low of $35.15 and an intraday high of $36.09 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on Jul 14, 2016, PolyOne Corporation announced a cash dividend of $0.1200. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Oct 6, 2016.
In a different news, on May 26, 2016, William Howard Powell (director) sold 5,881 shares at $36.70 per share price. According to the SEC, on Feb 4, 2016, William R Jellison (director) purchased 4,000 shares at $24.84 per share price. On Dec 4, 2015, Stephen D Newlin (Executive Chairman) sold 43,493 shares at $34.40 per share price, according to the Form-4 filing with the securities and exchange commission.
PolyOne Corporation (PolyOne) is a provider of polymer materials services and solutions. The Company offers specialty polymer formulations color and additive systems plastic sheet and packaging solutions and polymer distribution. The Company operates in five segments: Global Color Additives and Inks; which provides color and additive concentrates; Global Specialty Engineered Materials which offers polymer formulations services and solutions; Designed Structures and Solutions which provides solutions for engineered polymer structures rigid barrier packaging and specialty cast acrylics; Performance Products and Solutions segment consists of the Geon Performance Materials (Geon) and Producer Services business units and PolyOne Distribution segment distributes engineering and commodity grade resins. It offers ColorMatrix fiber colorant solutions which provides late-stage color injection in fiber applications utilizing liquid solutions.