Q1 2018 EPS Estimates for A. Schulman, Inc. (SHLM) Increased by Analyst
A. Schulman, Inc. (NASDAQ:SHLM) – Equities research analysts at Seaport Global Securities lifted their Q1 2018 EPS estimates for A. Schulman in a report released on Wednesday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will earn $0.40 per share for the quarter, up from their prior estimate of $0.34. Seaport Global Securities also issued estimates for A. Schulman’s Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.68 EPS, FY2018 earnings at $2.02 EPS, Q1 2019 earnings at $0.63 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.88 EPS, Q4 2019 earnings at $0.84 EPS and FY2019 earnings at $2.77 EPS.
Several other brokerages have also commented on SHLM. ValuEngine upgraded shares of A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded A. Schulman from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BidaskClub raised A. Schulman from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, SunTrust Banks, Inc. reissued a “hold” rating on shares of A. Schulman in a report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.00.
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A. Schulman (SHLM) traded down $0.70 during trading hours on Monday, hitting $38.65. 146,469 shares of the stock were exchanged, compared to its average volume of 176,466. The company has a market cap of $1,160.82, a PE ratio of 22.49, a P/E/G ratio of 1.94 and a beta of 1.60. A. Schulman has a twelve month low of $25.00 and a twelve month high of $39.85. The company has a quick ratio of 1.09, a current ratio of 1.68 and a debt-to-equity ratio of 4.28.
A. Schulman (NASDAQ:SHLM) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $624.91 million. During the same period last year, the business earned $0.47 EPS. The company’s 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. Stockholders of record on Tuesday, October 24th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Monday, October 23rd. A. Schulman’s payout ratio is currently 94.25%.
Several hedge funds and other institutional investors have recently modified their holdings of SHLM. BlackRock Inc. lifted its holdings in shares of A. Schulman by 45,121.7% during the first quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock worth $112,868,000 after purchasing an additional 3,580,856 shares during the period. Royce & Associates LP lifted its holdings in shares of A. Schulman by 77.2% during the second quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after purchasing an additional 243,479 shares during the period. Vanguard Group Inc. lifted its holdings in shares of A. Schulman by 8.7% during the second quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock worth $92,346,000 after purchasing an additional 231,248 shares during the period. Koch Industries Inc. acquired a new stake in shares of A. Schulman during the second quarter worth $217,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of A. Schulman by 294.2% during the second quarter. Goldman Sachs Group Inc. now owns 280,629 shares of the basic materials company’s stock worth $8,980,000 after purchasing an additional 209,446 shares during the period. 84.52% of the stock is owned by hedge funds and other institutional investors.
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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