FY2018 EPS Estimates for A. Schulman, Inc. (SHLM) Lifted by Analyst
A. Schulman, Inc. (NASDAQ:SHLM) – Northcoast Research boosted their FY2018 earnings estimates for shares of A. Schulman in a report released on Monday. Northcoast Research analyst K. Hocevar now expects that the basic materials company will earn $2.10 per share for the year, up from their prior estimate of $2.05.
A number of other research firms also recently weighed in on SHLM. ValuEngine raised A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research cut shares of A. Schulman from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, SunTrust Banks, Inc. restated a “hold” rating on shares of A. Schulman in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. A. Schulman has a consensus rating of “Buy” and a consensus price target of $37.00.
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Shares of A. Schulman (SHLM) traded down $0.21 during mid-day trading on Wednesday, reaching $39.49. 69,093 shares of the company’s stock were exchanged, compared to its average volume of 179,832. The firm has a market capitalization of $1,160.82, a P/E ratio of 22.49 and a beta of 1.60.
A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.07. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. The business had revenue of $646.65 million during the quarter, compared to the consensus estimate of $624.91 million. During the same period in the prior year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 24th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Monday, October 23rd. A. Schulman’s dividend payout ratio is currently 94.25%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. increased its position in shares of A. Schulman by 4.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 36,068 shares of the basic materials company’s stock valued at $1,232,000 after buying an additional 1,431 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of A. Schulman in the 3rd quarter valued at $228,000. American Century Companies Inc. bought a new stake in shares of A. Schulman in the 3rd quarter valued at $2,133,000. Gabelli Funds LLC increased its position in shares of A. Schulman by 63.8% in the 3rd quarter. Gabelli Funds LLC now owns 86,800 shares of the basic materials company’s stock valued at $2,964,000 after buying an additional 33,800 shares in the last quarter. Finally, Teton Advisors Inc. increased its position in shares of A. Schulman by 46.4% in the 3rd quarter. Teton Advisors Inc. now owns 100,300 shares of the basic materials company’s stock valued at $3,425,000 after buying an additional 31,800 shares in the last quarter. Institutional investors and hedge funds own 84.38% 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.
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