Wall Street brokerages expect that A. Schulman, Inc. (NASDAQ:SHLM) will post earnings per share of $0.65 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for A. Schulman’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.58. A. Schulman reported earnings per share of $0.79 in the same quarter last year, which suggests a negative year over year growth rate of 17.7%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, June 28th.

On average, analysts expect that A. Schulman will report full-year earnings of $2.02 per share for the current year, with EPS estimates ranging from $1.95 to $2.09. For the next year, analysts forecast that the company will report earnings of $2.51 per share, with EPS estimates ranging from $2.40 to $2.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for A. Schulman.

A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Tuesday, April 4th. The basic materials company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $574.41 million. A. Schulman had a positive return on equity of 24.36% and a negative net margin of 14.76%. A. Schulman’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share.

Separately, Zacks Investment Research raised A. Schulman from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Friday, March 3rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $33.00.

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In other news, SVP Gustavo S. Perez sold 6,468 shares of the stock in a transaction on Monday, April 10th. The stock was sold at an average price of $29.78, for a total transaction of $192,617.04. Following the transaction, the senior vice president now directly owns 37,492 shares of the company’s stock, valued at approximately $1,116,511.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.08% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in SHLM. Ironwood Investment Management LLC boosted its position in A. Schulman by 0.5% in the first quarter. Ironwood Investment Management LLC now owns 39,645 shares of the basic materials company’s stock valued at $1,247,000 after buying an additional 195 shares during the last quarter. Highbridge Capital Management LLC boosted its position in A. Schulman by 121.9% in the first quarter. Highbridge Capital Management LLC now owns 49,038 shares of the basic materials company’s stock valued at $1,542,000 after buying an additional 26,936 shares during the last quarter. State Street Corp boosted its position in A. Schulman by 7.0% in the first quarter. State Street Corp now owns 679,525 shares of the basic materials company’s stock valued at $21,367,000 after buying an additional 44,690 shares during the last quarter. Bank of America Corp DE boosted its position in A. Schulman by 1.4% in the first quarter. Bank of America Corp DE now owns 206,895 shares of the basic materials company’s stock valued at $6,507,000 after buying an additional 2,849 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in A. Schulman by 30.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 285,483 shares of the basic materials company’s stock valued at $8,979,000 after buying an additional 65,960 shares during the last quarter. 88.52% of the stock is currently owned by hedge funds and other institutional investors.

A. Schulman (NASDAQ SHLM) traded down 0.68% during mid-day trading on Thursday, reaching $29.00. The company’s stock had a trading volume of 300,538 shares. The firm’s market cap is $852.40 million. A. Schulman has a 12-month low of $19.58 and a 12-month high of $37.70. The company has a 50-day moving average price of $29.72 and a 200-day moving average price of $32.15.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.82 annualized dividend and a dividend yield of 2.83%. A. Schulman’s payout ratio is -6.59%.

A. Schulman Company Profile

A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.

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