Zacks Investment Research downgraded shares of A. Schulman (NASDAQ:SHLM) from a buy rating to a hold rating in a research note published on Tuesday, January 2nd.
According to Zacks, “A. Schulman is a leading international supplier of high-performance plastic compounds, composites and resins, which are used in a variety of markets. The company’s principal product lines consist of proprietary and custom-formulated engineered plastic compounds, engineered composites, color concentrates and additives that improve the appearance, performance or ability to process plastics in a number of specialized applications. “
Several other equities analysts have also commented on SHLM. BidaskClub raised A. Schulman from a sell rating to a hold rating in a research note on Thursday, December 21st. ValuEngine lowered A. Schulman from a buy rating to a hold rating in a research note on Tuesday, November 14th. TheStreet raised A. Schulman from a c- rating to a b- rating in a research note on Tuesday, November 7th. Finally, SunTrust Banks restated a hold rating on shares of A. Schulman in a report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $39.67.
A. Schulman (NASDAQ:SHLM) traded down $0.65 during trading on Tuesday, hitting $39.25. The stock had a trading volume of 117,581 shares, compared to its average volume of 192,506. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.61 and a quick ratio of 1.09. A. Schulman has a 1-year low of $25.00 and a 1-year high of $40.95. The stock has a market capitalization of $1,177.10, a PE ratio of 31.15, a PEG ratio of 1.91 and a beta of 1.58.
A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Monday, January 8th. The basic materials company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.11. The firm had revenue of $674.60 million during the quarter, compared to analysts’ expectations of $639.10 million. A. Schulman had a return on equity of 28.45% and a net margin of 1.78%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. equities analysts forecast that A. Schulman will post 2.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 15th will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.09%. A. Schulman’s dividend payout ratio (DPR) is presently 65.08%.
Several hedge funds and other institutional investors have recently made changes to their positions in SHLM. Sei Investments Co. lifted its position in A. Schulman by 1,539.0% during the 2nd quarter. Sei Investments Co. now owns 8,162 shares of the basic materials company’s stock worth $261,000 after acquiring an additional 7,664 shares during the period. Beach Investment Management LLC. acquired a new stake in A. Schulman during the 2nd quarter worth approximately $355,000. Schwab Charles Investment Management Inc. lifted its position in A. Schulman by 21.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 346,099 shares of the basic materials company’s stock worth $11,076,000 after acquiring an additional 60,616 shares during the period. First Trust Advisors LP acquired a new stake in A. Schulman during the 2nd quarter worth approximately $471,000. Finally, Legal & General Group Plc lifted its position in A. Schulman by 8.9% during the 2nd quarter. Legal & General Group Plc now owns 57,654 shares of the basic materials company’s stock worth $1,840,000 after acquiring an additional 4,702 shares during the period. 78.94% of the stock is owned by hedge funds and other institutional investors.
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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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