A Schulman Inc (NASDAQ:SHLM) – Research analysts at Seaport Global Securities increased their Q2 2018 earnings per share estimates for shares of A Schulman in a research report issued on Thursday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $0.31 for the quarter, up from their prior estimate of $0.24. Seaport Global Securities also issued estimates for A Schulman’s Q3 2018 earnings at $0.67 EPS and Q4 2018 earnings at $0.64 EPS.
A Schulman (NASDAQ:SHLM) last posted its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11. The business had revenue of $674.60 million for the quarter, compared to analyst estimates of $639.10 million. A Schulman had a return on equity of 28.45% and a net margin of 1.78%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share.
Other analysts have also issued research reports about the company. SunTrust Banks reaffirmed a “hold” rating on shares of A Schulman in a research note on Friday, October 27th. Zacks Investment Research raised A Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research note on Saturday, October 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, BidaskClub lowered A Schulman from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.67.
A Schulman (NASDAQ SHLM) traded down $0.95 on Monday, hitting $38.30. The company had a trading volume of 184,100 shares, compared to its average volume of 221,960. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 4.01. The firm has a market capitalization of $1,157.93, a price-to-earnings ratio of 30.40, a P/E/G ratio of 1.88 and a beta of 1.58. A Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $40.95.
The firm 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 dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.82 annualized dividend and a yield of 2.14%. A Schulman’s dividend payout ratio (DPR) is presently 65.08%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHLM. Vanguard Group Inc. lifted its position in 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 buying an additional 231,248 shares during the period. Koch Industries Inc. purchased a new position in shares of A Schulman in the 2nd quarter worth about $217,000. Goldman Sachs Group Inc. raised its holdings in shares of A Schulman by 294.2% in the 2nd 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. Gamco Investors INC. ET AL raised its holdings in shares of A Schulman by 952.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 189,500 shares of the basic materials company’s stock worth $6,471,000 after purchasing an additional 171,500 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of A Schulman by 67.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 393,323 shares of the basic materials company’s stock worth $12,588,000 after purchasing an additional 158,095 shares during the period. Hedge funds and other institutional investors own 78.94% of the company’s stock.
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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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