A. Schulman, Inc. (SHLM) to Post Q1 2019 Earnings of $0.67 Per Share, SunTrust Banks Forecasts
A. Schulman, Inc. (NASDAQ:SHLM) – Research analysts at SunTrust Banks issued their Q1 2019 EPS estimates for A. Schulman in a research report issued to clients and investors on Sunday. SunTrust Banks analyst J. Freuchtel forecasts that the basic materials company will post earnings per share of $0.67 for the quarter. SunTrust Banks has a “Hold” rating and a $37.00 price objective on the stock. SunTrust Banks also issued estimates for A. Schulman’s FY2019 earnings at $2.60 EPS.
Several other research firms have also commented on SHLM. TheStreet raised A. Schulman from a “c+” rating to a “b-” rating in a research report on Tuesday. ValuEngine lowered A. Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered A. Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, BidaskClub raised A. Schulman from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. A. Schulman has a consensus rating of “Hold” and a consensus price target of $38.33.
A. Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.44 by $0.11. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The company had revenue of $674.60 million for the quarter, compared to analyst estimates of $639.10 million. During the same period last year, the company posted $0.49 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in SHLM. Beach Investment Management LLC. purchased a new stake in shares of A. Schulman during the second quarter worth about $355,000. Schwab Charles Investment Management Inc. increased its position in shares of A. Schulman by 21.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 346,099 shares of the basic materials company’s stock worth $11,076,000 after acquiring an additional 60,616 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of A. Schulman during the second quarter worth about $471,000. Legal & General Group Plc increased its position in shares of A. Schulman by 8.9% during the second quarter. Legal & General Group Plc now owns 57,654 shares of the basic materials company’s stock worth $1,840,000 after acquiring an additional 4,702 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of A. Schulman by 38.7% during the second quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the basic materials company’s stock worth $381,000 after acquiring an additional 3,323 shares during the last quarter. 78.94% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, January 11th. A. Schulman’s payout ratio is 95.35%.
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.
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