A Schulman Inc (NASDAQ:SHLM)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $43.55 and last traded at $42.95, with a volume of 480400 shares changing hands. The stock had previously closed at $42.95.
A number of equities analysts recently issued reports on SHLM shares. SunTrust Banks boosted their price objective on A Schulman from $32.00 to $37.00 and gave the company a “hold” rating in a report on Monday, January 8th. TheStreet cut A Schulman from a “b-” rating to a “c+” rating in a report on Wednesday, December 6th. BidaskClub cut A Schulman from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Zacks Investment Research upgraded A Schulman from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Saturday, January 13th. Finally, ValuEngine cut A Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $39.67.
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 $1,264.13, a PE ratio of 34.25, a price-to-earnings-growth ratio of 1.99 and a beta of 1.52.
A Schulman (NASDAQ:SHLM) last issued its earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.11. The business 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%. A Schulman’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. research analysts anticipate that A Schulman Inc will post 2.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 15th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, January 11th. A Schulman’s dividend payout ratio (DPR) is presently 65.08%.
A number of hedge funds and other institutional investors have recently modified their holdings of SHLM. Renaissance Technologies LLC raised its position in A Schulman by 154.3% during the 4th quarter. Renaissance Technologies LLC now owns 423,741 shares of the basic materials company’s stock valued at $15,784,000 after purchasing an additional 257,100 shares in the last quarter. Vanguard Group Inc. raised its position in A Schulman by 8.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock valued at $92,346,000 after purchasing an additional 231,248 shares in the last quarter. American Century Companies Inc. raised its position in A Schulman by 277.6% during the 4th quarter. American Century Companies Inc. now owns 235,782 shares of the basic materials company’s stock valued at $8,783,000 after purchasing an additional 173,332 shares in the last quarter. Gamco Investors INC. ET AL raised its position in A Schulman by 952.8% during the 3rd quarter. Gamco Investors INC. ET AL now owns 189,500 shares of the basic materials company’s stock valued at $6,471,000 after purchasing an additional 171,500 shares in the last quarter. Finally, Millennium Management LLC raised its position in A Schulman by 438.3% during the 4th quarter. Millennium Management LLC now owns 205,644 shares of the basic materials company’s stock valued at $7,660,000 after purchasing an additional 167,444 shares in the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.
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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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