Wall Street analysts predict that A Schulman Inc (NASDAQ:SHLM) will report sales of $629.40 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for A Schulman’s earnings. The highest sales estimate is $632.80 million and the lowest is $626.00 million. A Schulman reported sales of $568.68 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.7%. The firm is scheduled to issue its next earnings report on Tuesday, April 3rd.

According to Zacks, analysts expect that A Schulman will report full year sales of $629.40 million for the current year, with estimates ranging from $2.55 billion to $2.68 billion. For the next year, analysts anticipate that the company will report sales of $2.71 billion per share, with estimates ranging from $2.64 billion to $2.79 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow A Schulman.

A Schulman (NASDAQ:SHLM) last posted its quarterly earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.11. A Schulman had a return on equity of 28.45% and a net margin of 1.78%. The company had revenue of $674.60 million during the quarter, compared to the consensus estimate of $639.10 million. During the same period last year, the business earned $0.49 EPS. The business’s quarterly revenue was up 12.4% on a year-over-year basis.

A number of research analysts recently weighed in on the company. ValuEngine downgraded A Schulman from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised A Schulman from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Friday, December 22nd. TheStreet raised A Schulman from a “c+” rating to a “b-” rating in a research note on Tuesday, January 9th. BidaskClub downgraded A Schulman from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Finally, SunTrust Banks reissued a “hold” rating on shares of A Schulman in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.67.

A Schulman (SHLM) opened at $39.10 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 4.01. A Schulman has a one year low of $25.00 and a one year high of $40.95. The firm has a market capitalization of $1,134.33, a P/E ratio of 31.03, a P/E/G ratio of 1.82 and a beta of 1.58.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 15th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, January 11th. A Schulman’s dividend payout ratio is currently 65.08%.

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in A Schulman in the 3rd quarter worth approximately $111,000. PNC Financial Services Group Inc. increased its position in A Schulman by 1.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after buying an additional 50 shares during the period. Crossmark Global Holdings Inc. bought a new position in A Schulman in the 3rd quarter worth approximately $202,000. Piedmont Investment Advisors LLC bought a new position in A Schulman in the 2nd quarter worth approximately $204,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in A Schulman in the 3rd quarter worth approximately $205,000. 78.74% of the stock is currently owned by institutional investors.

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

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