Favorable Media Coverage Somewhat Likely to Affect A. Schulman (SHLM) Stock Price
Press coverage about A. Schulman (NASDAQ:SHLM) has been trending positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. A. Schulman earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 50.9837275755592 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- A. Schulman, Inc. (SHLM) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- A. Schulman, Inc. (SHLM) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
- A Schulman Inc (SHLM) Rating Lowered to Strong Sell at Zacks Investment Research (americanbankingnews.com)
- A. Schulman, Inc. (SHLM) Upgraded to Buy at Longbow Research (americanbankingnews.com)
- BidaskClub Upgrades A. Schulman, Inc. (SHLM) to Hold (americanbankingnews.com)
SHLM has been the topic of several research reports. ValuEngine raised A. Schulman from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. BidaskClub raised A. Schulman from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Zacks Investment Research raised A. Schulman from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Longbow Research raised A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.33.
A. Schulman (NASDAQ SHLM) opened at 30.15 on Thursday. The firm has a 50-day moving average price of $28.33 and a 200 day moving average price of $30.23. A. Schulman has a 12 month low of $24.35 and a 12 month high of $37.70. The firm’s market capitalization is $887.01 million.
A. Schulman (NASDAQ:SHLM) last posted its earnings results on Wednesday, June 28th. The basic materials company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. A. Schulman had a positive return on equity of 35.64% and a negative net margin of 14.86%. The firm had revenue of $645.80 million for the quarter, compared to the consensus estimate of $619.54 million. During the same period in the prior year, the business earned $0.79 EPS. A. Schulman’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts forecast that A. Schulman will post $1.66 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th were given a dividend of $0.205 per share. The ex-dividend date was Wednesday, July 12th. This represents a $0.82 annualized dividend and a dividend yield of 2.72%. A. Schulman’s dividend payout ratio is currently -6.56%.
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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