A. Schulman, Inc. (NASDAQ:SHLM) Downgraded to Hold at ValuEngine
ValuEngine lowered shares of A. Schulman, Inc. (NASDAQ:SHLM) from a buy rating to a hold rating in a research report sent to investors on Friday.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised A. Schulman from a sell rating to a hold rating in a research note on Thursday, April 20th. BidaskClub raised A. Schulman from a strong sell rating to a sell rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $33.00.
Shares of A. Schulman (NASDAQ SHLM) opened at 26.30 on Friday. A. Schulman has a 1-year low of $19.58 and a 1-year high of $37.70. The company’s 50-day moving average price is $29.04 and its 200-day moving average price is $30.97. The company’s market capitalization is $773.75 million.
A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. The business had revenue of $645.80 million during the quarter, compared to analyst estimates of $619.54 million. During the same period last year, the firm posted $0.79 earnings per share. A. Schulman’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that A. Schulman will post $1.65 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 3.12%. The ex-dividend date is Wednesday, July 12th. A. Schulman’s dividend payout ratio (DPR) is presently -6.56%.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in A. Schulman by 45,121.7% in the first quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock valued at $112,868,000 after buying an additional 3,580,856 shares in the last quarter. Vanguard Group Inc. increased its stake in A. Schulman by 6.3% in the first quarter. Vanguard Group Inc. now owns 2,654,590 shares of the basic materials company’s stock valued at $83,487,000 after buying an additional 156,877 shares in the last quarter. Victory Capital Management Inc. increased its stake in A. Schulman by 11.3% in the first quarter. Victory Capital Management Inc. now owns 1,060,635 shares of the basic materials company’s stock valued at $33,357,000 after buying an additional 107,495 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in A. Schulman by 11.6% in the first quarter. Deprince Race & Zollo Inc. now owns 963,914 shares of the basic materials company’s stock valued at $30,315,000 after buying an additional 100,150 shares in the last quarter. Finally, State Street Corp increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 88.27% of the company’s stock.
About A. Schulman
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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