NEW YORK ( TheStreet) -- Minerals Technologies ( MTX), Ashland ( ASH), Solutia ( SOA), and PolyOne ( POL) are among 10 chemical stocks expected to report robust quarterly earnings, according to analysts polled by Bloomberg. Moreover, these stocks have upsides ranging from 2%-32%.


10. Georgia Gulf ( GGC) is a manufacturer and international marketer of two integrated chemical product lines: chlorovinyls and aromatics. The chlorovinyls family includes chlorine, caustic soda, vinyl chloride monomer (VCM), vinyl resins and vinyl compounds, while the aromatics products are cumene, phenol and acet. The stock has gained 84% during the past one year and 16% in the last one month.

The company is expected to report its first quarter 2011 results on May 5. Total revenue is forecast to increase 16.6% to $736.2 million from $631.5 million in the year-ago quarter. Net income is seen at $20.2 million or 60 cents per share, as opposed to a loss of $19 million or 56 cents per share reported in the first quarter of 2010.

During Feb. 2011, the company acquired Exterior Portfolio, a U.S. manufacturer and marketer of siding products for approximately $72 million. The acquisition was funded out of cash on hand and the company expects it to be accretive in 2011. Furthermore, Georgia Gulf recently revealed that it expects to report EBITDA at the top end of its previous guidance range of $245-$265 million.

Of the six analysts covering the stock, 50% recommend it a buy, while 33% rate it a hold. On average, analysts expect an upside of 2% to $38.20 in value from current levels. Moreover, analysts at BB&T upgraded the stock to buy from hold with a price target of $45.

9. Olin ( OLN) is a manufacturer concentrated in two business segments: Chlor Alkali Products and Winchester. The chlor alkali products line includes chlorine and caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, bleach products and potassium hydroxide, while the Winchester products segment comprise of sporting ammunition, reloading components, small-caliber military ammunition and components, and industrial cartridges.

The company is scheduled to report its first quarter 2011 results on April 28. Net income is projected to increase 65% to $23.3 million or 28 cents per share from $14.1 million or 18 cents per share in the comparable quarter of last year. Moreover, total revenue is expected to increase 16.1% year-over-year to $420.1 million, according to analysts polled by Bloomberg.

During Feb. 2011, the company acquired PolyOne Corporation's 50% interest in the SunBelt-Chlor Alkali partnership for $132.3 million in cash, plus the assumption of a PolyOne guarantee related to the partnership debt. The plant has approximately 350,000 tons of membrane technology capacity. The acquisition is expected to be accretive to EBITDA and earnings in 2011.

Of the nine analysts covering the stock, 67% recommend it a buy, while 22% rate it a hold. On average, analysts expect an upside of 12.5% to $27.88 in value from current levels. Moreover, analysts at UBS increased their price target on the stock to $25 from $19, while maintaining a neutral rating. The stock has gained 22% during the past one month.

8. Innophos Holdings ( IPHS) is a producer of specialty phosphates. The company has three principal product lines, namely specialty salts and specialty acids, purified phosphoric acid, and technical sodium tripolyphosphate (STPP) & other products. The stock has gained 50% during the past one year.

The company is expected to report its first quarter 2011 results on May 3. Total revenue is forecast to increase 16.9% to $197.5 million from $169 million in the year-ago quarter. Moreover, earnings are likely to more than double to $22.7 million or $1 per share from $10.4 million or 47 cents per share reported during first quarter 2010.

During Feb. 2011, the company announced capacity expansions at three of its facilities, targeted at further strengthening its industry-leading position in the supply of specialty phosphate ingredients to the F&B markets .

Of the six analysts covering the stock, 67% recommend it a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts expect an upside of 13% to $49.63 in value from current levels. Analysts at Zacks Investment Research recently reiterated an outperform rating on the stock.

7. Minerals Technologies ( MTX) is a resource- and technology-based company, engaged in developing, producing and marketing a range of specialty mineral, mineral-based and synthetic mineral products, and supporting systems and services. The company operates in two reportable segments: specialty minerals and refractories.

The company is scheduled to report its first quarter 2011 results on April 29. Net income is projected to increase 2% to $15.6 million or 84 cents per share from $15.3 million or 82 cents per share in the comparable quarter of last year. However, total revenue is seen declining marginally to $250 million from $253.5 million, according to analysts polled by Bloomberg.

The company recently announced an agreement with JK Paper Ltd. to construct a satellite precipitated calcium carbonate (PCC) facility at JK Paper's largest pulp and paper mill located near Rayagada in the eastern state of Orissa, India. The plant will support the mill by producing more than 46,000 metric tons per year of PCC. This satellite PCC facility will be its fourth in India, constructed within a relatively short period. Once commercialized, it will bring the company's total count in Asia to 12.

Of the five analysts covering the stock, 80% recommend it a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts expect an upside of 16% to $75.5 in value from current levels.

6. Albemarle ( ALB) is a developer, manufacturer and marketer of engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, pharmaceuticals, crop protection and food-safety services. It operates in three segments: polymer solutions, catalysts, and fine chemicals.

The company reported record first quarter results on April 19. For the first quarter ended Mar. 2011, total revenue surged 20% y-o-y to $696.5 million, while gross margin grew 520 basis points to 33.5% from 28.3%. As a result, net income stood at $106.6 million or $1.15 per share, compared to $63.3 million or 69 cents per share a year ago.

The company recently increased its regular quarterly dividend to $0.165 cents per share from $0.14 per share, transforming into a annual dividend of 66 cents per share.

Of the 13 analysts covering the stock, 77% recommend it a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts expect an upside of 19% to $68.75 in value from current levels.

5. Ferro ( FOE) is a producer of specialty materials and chemical products including electronics, color and glass materials such as conductive metal pastes and powders, polishing materials, enamels, pigments, dinnerware decoration colors, other performance materials and polymer and ceramic engineered materials such as polymer specialty materials, engineered plastic compounds, pigment dispersions, pigments and pharmaceutical active ingredients.

The company is scheduled to report its first quarter 2011 results on April 27 and expects net income of $23.8 million or 28 cents per share, as against a loss of $70,000 or 0-cent per share in the comparable quarter of last year. Moreover, total revenue is expected to increase 9.2% year-over-year to $538.3 million, according to analysts polled by Bloomberg.

The company recently opened a photovoltaic research and development laboratory in Neihu Technology Park, Taipei City, Taiwan. This expansion will enable Ferro to provide timely technical support for local customers and deliver innovative solutions for improving the efficiency of solar cells, and lower the cost of solar cell production. Furthermore, the company also increased the price of its Geode product line by 7%-10%, effective April 1, 2011.

The stock has gained 58% during the past one year, and currently trades at a PE of 18.7. Of the seven analysts covering the stock, 71% recommend it a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts expect an upside of 20% to $18 in value from current levels.

4. Kraton Performance Polymers ( KRA) is a producer of styrenic block copolymers (SBCs). Its products find application in a range of everyday merchandize such as disposable baby diapers, rubberized grips of toothbrushes, razor blades, power tools, and in asphalt formulations used to pave roads.

The company will report its first quarter 2011 results on May 5. Total revenue is forecast to increase 21% to $330 million from $272.7 million in the year-ago quarter. Subsequently, net income is seen at $28.9 million, up 46% year-over-year. Earnings per share are projected to increase 25% to 80 cents from 64 cents reported in the first quarter of 2010.

The company recently concluded its secondary public offering of ~10 million shares of its common stock held by affiliates of TPG Capital L.P. and J.P. Morgan LLC., at a price of $37.75 per share. The company did not receive any proceeds from the offering, and the total number of shares of common stock outstanding did not change because of the offering.

The stock was recently upgraded to buy with a price target of $55 from $47 at UBS. Also, analysts at Oppenheimer reiterated an outperform rating on the stock. Of the eight analysts covering the stock, 75% recommend it a buy, while 13% rate it a hold. On average, analysts expect an upside of 22% to $49.14 in value from current levels.

3. Ashland ( ASH) operates in five business segments: Ashland Aqualon Functional Ingredients, Ashland Hercules Water Technologies, Ashland Performance Materials, Ashland Consumer Markets (Valvoline), and Ashland Distribution.

The company will report its second quarter 2011 results on April 26. Total revenue is seen declining 34% to $1.5 billion from $2.2 billion in the year-ago quarter. However, net income is expected to surge 170% to $59.3 million from $22 million. Moreover, earning per share is estimated to soar 193% to 79 cents from 22 cents in the second quarter of 2010.

The company's board of directors recently approved a $400 million stock repurchase program. In addition, the board intends to increase the annual dividend to 70 cents per share from the current 60 cents, effective June 15 dividend payment.

Of the 10 analysts covering the stock, 80% recommend it a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts expect an upside of 25% to $69.33 in value from current levels.

2. Solutia ( SOA) is a manufacturer and marketer of a variety of chemical and engineered materials used in a range of consumer and industrial applications worldwide. The company's segments are Saflex, CPFilms and Technical Specialties. The stock has gained 46% during the past one year.

The company will report its first quarter 2011 results on May 2. Total revenue is projected to increase 10.4% to $514.5 million from $466 million in the year-ago quarter. Subsequently, net income is seen at $53.8 million or 46 cents per share, as opposed to a loss of $58 million or 49 cents per share reported in the first quarter of 2010.

S&P recently upgraded its ratings on Solutia, changing corporate credit rating from BB- to BB, with a stable outlook. The company's senior secured credit facilities were upgraded from BB- to BB+, while the $400 million senior unsecured notes, due 2017, and $300 million senior unsecured notes, due 2020, were also upgraded from B+ to BB-.

Of the eight analysts covering the stock, 88% recommend it a buy. On average, analysts expect an upside of 26% to $31 in value from current levels. TheStreet Ratings recently upgraded the stock from hold to buy, citing its impressive earnings per share growth, compelling net income growth, revenue growth, good cash flow from operations, and solid stock price performance.

1. PolyOne ( POL) is a provider of specialized polymer materials, services and solutions with operations in thermoplastic compounds, specialty polymer formulations, color and additive systems, thermoplastic resin distribution and specialty polyvinyl chloride (PVC) resins.

The company is scheduled to report its first quarter 2011 results on May 5. Net income is projected to increase 15% to $21.1 million or 21 cents per share from $18.4 million or 19 cents per share in the comparable quarter of last year. Moreover, total revenue is seen rising 9.9% year-over-year to $692.5 million, according to analysts polled by Bloomberg.

The company recently paid a quarterly dividend of 4 cents per share - the first time since 2002. Furthermore, the company also reiterated its share repurchase authorization up to 8.75 million shares.

Of the eight analysts covering the stock, 75% recommend it a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts expect an upside of 30% to $17.33 in value from current levels. The stock has gained 14% during the past one year, while it currently trades at an attractive P/E of 7.6

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