A. Schulman, Inc. (SHLM) Downgraded by BidaskClub to Strong Sell
BidaskClub cut shares of A. Schulman, Inc. (NASDAQ:SHLM) from a sell rating to a strong sell rating in a research note issued to investors on Friday.
Separately, Zacks Investment Research upgraded A. Schulman from a sell rating to a hold rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. A. Schulman currently has a consensus rating of Hold and an average target price of $33.00.
A. Schulman (NASDAQ SHLM) opened at 26.30 on Friday. The firm’s 50-day moving average price is $29.04 and its 200-day moving average price is $30.97. A. Schulman has a 12-month low of $19.58 and a 12-month high of $37.70. The company’s market cap is $773.75 million.
A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $645.80 million during the quarter, compared to the consensus estimate of $619.54 million. A. Schulman had a positive return on equity of 35.64% and a negative net margin of 14.86%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Analysts expect that A. Schulman will post $1.65 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, July 12th. A. Schulman’s dividend payout ratio (DPR) is currently -6.56%.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position 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 worth $112,868,000 after buying an additional 3,580,856 shares during the period. Norges Bank acquired a new position in A. Schulman during the fourth quarter worth approximately $13,181,000. Prudential Financial Inc. increased its position in A. Schulman by 524.1% in the first quarter. Prudential Financial Inc. now owns 464,149 shares of the basic materials company’s stock worth $14,598,000 after buying an additional 389,780 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in A. Schulman by 114.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 462,830 shares of the basic materials company’s stock worth $14,556,000 after buying an additional 247,456 shares in the last quarter. Finally, Vanguard Group Inc. increased its position 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 worth $83,487,000 after buying an additional 156,877 shares in the last quarter. Institutional investors and hedge funds own 88.27% of the company’s stock.
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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