$0.45 EPS Expected for A. Schulman, Inc. (SHLM) This Quarter

Analysts forecast that A. Schulman, Inc. (NASDAQ:SHLM) will report earnings per share of $0.45 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for A. Schulman’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.49. A. Schulman posted earnings of $0.49 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 8.2%. The firm is scheduled to report its next earnings report on Monday, January 8th.

According to Zacks, analysts expect that A. Schulman will report full year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.10. For the next financial year, analysts expect that the business will report earnings of $2.61 per share, with EPS estimates ranging from $2.45 to $2.77. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover A. Schulman.

A. Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The company had revenue of $646.65 million during the quarter, compared to the consensus estimate of $624.91 million. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. A. Schulman’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS.

A number of brokerages recently commented on SHLM. BidaskClub cut shares of A. Schulman from a “hold” rating to a “sell” rating in a research report on Saturday. TheStreet cut shares of A. Schulman from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. ValuEngine cut shares of A. Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. SunTrust Banks reiterated a “hold” rating on shares of A. Schulman in a research report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of A. Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.00.

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of A. Schulman by 8.7% in the second quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock valued at $92,346,000 after acquiring an additional 231,248 shares during the period. Deprince Race & Zollo Inc. increased its position in shares of A. Schulman by 16.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,124,746 shares of the basic materials company’s stock valued at $35,992,000 after acquiring an additional 160,832 shares during the period. Northern Trust Corp increased its position in shares of A. Schulman by 3.8% in the second quarter. Northern Trust Corp now owns 889,569 shares of the basic materials company’s stock valued at $28,467,000 after acquiring an additional 32,566 shares during the period. LSV Asset Management increased its position in shares of A. Schulman by 11.7% in the second quarter. LSV Asset Management now owns 739,006 shares of the basic materials company’s stock valued at $23,648,000 after acquiring an additional 77,691 shares during the period. Finally, State Street Corp increased its position in shares of A. Schulman by 3.5% in the second quarter. State Street Corp now owns 703,408 shares of the basic materials company’s stock valued at $22,506,000 after acquiring an additional 23,883 shares during the period. Hedge funds and other institutional investors own 79.15% of the company’s stock.

Shares of A. Schulman (NASDAQ SHLM) traded down $0.15 during trading hours on Monday, reaching $36.60. 120,400 shares of the company’s stock traded hands, compared to its average volume of 260,921. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.09 and a current ratio of 1.68. A. Schulman has a 1 year low of $25.00 and a 1 year high of $39.85. The company has a market cap of $1,079.70, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.80 and a beta of 1.57.

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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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