A Schulman Inc (NASDAQ:SHLM) – Equities researchers at Seaport Global Securities lifted their FY2018 earnings per share (EPS) estimates for shares of A Schulman in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will post earnings per share of $2.18 for the year, up from their prior forecast of $2.02. Seaport Global Securities also issued estimates for A Schulman’s Q1 2019 earnings at $0.74 EPS, Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $0.77 EPS and FY2019 earnings at $2.83 EPS.
A number of other analysts have also commented on the company. Zacks Investment Research raised A Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a report on Saturday, October 21st. SunTrust Banks boosted their price objective on A Schulman from $32.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, January 8th. TheStreet lowered A Schulman from a “b-” rating to a “c+” rating in a report on Wednesday, December 6th. BidaskClub lowered A Schulman from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Finally, ValuEngine lowered A Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $39.67.
Shares of A Schulman (NASDAQ SHLM) opened at $38.00 on Friday. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.98 and a current ratio of 1.61. The company has a market capitalization of $1,153.50, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 1.81 and a beta of 1.52. A Schulman has a twelve month low of $25.00 and a twelve month high of $40.95.
A Schulman (NASDAQ:SHLM) last issued its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.11. The firm had revenue of $674.60 million during 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 company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Monday, January 15th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.16%. A Schulman’s payout ratio is presently 65.08%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of A Schulman in the 3rd quarter worth approximately $111,000. PNC Financial Services Group Inc. boosted its stake in shares of A Schulman by 1.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after buying an additional 50 shares during the last quarter. Paragon Capital Management Ltd purchased a new position in shares of A Schulman in the 4th quarter worth approximately $206,000. Crossmark Global Holdings Inc. purchased a new position in shares of A Schulman in the 3rd quarter worth approximately $202,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new position in shares of A Schulman in the 3rd quarter worth approximately $205,000. Hedge funds and other institutional investors own 78.74% 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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