A. Schulman, Inc. (NASDAQ:SHLM) – Analysts at Gabelli issued their FY2020 earnings estimates for shares of A. Schulman in a note issued to investors on Thursday. Gabelli analyst R. Morbelli forecasts that the brokerage will post earnings of $3.25 per share for the year. Gabelli has a “Buy” rating on the stock.

Several other equities research analysts have also recently weighed in on SHLM. TheStreet upgraded shares of A. Schulman from a “hold” rating to a “buy” rating in a research report on Friday, September 30th. Zacks Investment Research upgraded shares of A. Schulman from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 18th. Seaport Global Securities cut shares of A. Schulman from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Thursday, November 17th. Finally, Northcoast Research cut shares of A. Schulman from a “buy” rating to a “neutral” rating in a research report on Friday, October 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.00.

Earnings History and Estimates for A. Schulman (NASDAQ:SHLM)

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Shares of A. Schulman (NASDAQ:SHLM) traded down 1.05% during midday trading on Friday, reaching $33.05. 249,229 shares of the company’s stock traded hands. The company’s market capitalization is $970.45 million. A. Schulman has a one year low of $19.58 and a one year high of $37.70. The company has a 50-day moving average of $34.17 and a 200-day moving average of $29.10.

A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Monday, January 9th. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.04. The business earned $600 million during the quarter. A. Schulman had a negative net margin of 14.77% and a positive return on equity of 17.93%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS.

Several hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas raised its stake in shares of A. Schulman by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,093 shares of the company’s stock worth $100,000 after buying an additional 503 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of A. Schulman by 18.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,351 shares of the company’s stock worth $106,000 after buying an additional 692 shares in the last quarter. Mason Street Advisors LLC bought a new stake in shares of A. Schulman during the second quarter worth about $139,000. PNC Financial Services Group Inc. raised its stake in shares of A. Schulman by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 4,995 shares of the company’s stock worth $146,000 after buying an additional 54 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of A. Schulman during the third quarter worth about $155,000. 91.21% of the stock is owned by hedge funds and other institutional investors.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Sunday, January 15th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.48%. The ex-dividend date is Wednesday, January 11th. A. Schulman’s payout ratio is -6.53%.

A. Schulman Company Profile

A. Schulman, Inc is a supplier of plastic formulations, resins and services. The Company’s segments include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.

5 Day Chart for NASDAQ:SHLM

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