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.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2017/12/11/0-45-eps-expected-for-a-schulman-inc-shlm-this-quarter.html.
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.
Get a free copy of the Zacks research report on A. Schulman (SHLM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for A. Schulman Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. Schulman Inc. and related companies with MarketBeat.com's FREE daily email newsletter.