A Schulman Inc (NASDAQ:SHLM) has received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $37.00.
SHLM has been the topic of several analyst reports. SunTrust Banks reissued a “hold” rating on shares of A Schulman in a report on Friday, October 27th. Zacks Investment Research raised shares of A Schulman from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday, December 22nd. ValuEngine lowered shares of A Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet raised shares of A Schulman from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. Finally, Longbow Research lowered shares of A Schulman from a “buy” rating to a “neutral” rating in a report on Friday, February 16th.
A Schulman (NASDAQ SHLM) traded up $0.10 during midday trading on Tuesday, reaching $42.95. 480,400 shares of the company’s stock traded hands, compared to its average volume of 406,447. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 4.01. A Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $43.45. The stock has a market capitalization of $1,264.13, a price-to-earnings ratio of 23.67, a P/E/G ratio of 1.99 and a beta of 1.52.
A Schulman (NASDAQ:SHLM) last released its quarterly earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.11. A Schulman had a net margin of 1.78% and a return on equity of 28.45%. The business had revenue of $674.60 million for the quarter, compared to analyst estimates of $639.10 million. During the same period in the previous year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. analysts forecast that A Schulman will post 2.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Monday, January 15th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, January 11th. A Schulman’s dividend payout ratio (DPR) is presently 65.08%.
Several institutional investors and hedge funds have recently made changes to their positions in SHLM. SG Americas Securities LLC purchased a new stake in shares of A Schulman during the third quarter valued at $111,000. Advisor Group Inc. lifted its position in A Schulman by 79.5% during the fourth quarter. Advisor Group Inc. now owns 3,262 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 1,445 shares during the period. PNC Financial Services Group Inc. lifted its position in A Schulman by 1.0% during the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 50 shares during the period. Crossmark Global Holdings Inc. acquired a new position in A Schulman during the third quarter valued at $202,000. Finally, Piedmont Investment Advisors LLC acquired a new position in A Schulman during the second quarter valued at $204,000. 80.31% of the stock is currently owned by hedge funds and other institutional investors.
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About A Schulman
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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