FY2018 EPS Estimates for A. Schulman, Inc. Increased by Seaport Global Securities (SHLM)

A. Schulman, Inc. (NASDAQ:SHLM) – Investment analysts at Seaport Global Securities upped their FY2018 EPS estimates for A. Schulman in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will earn $2.18 per share for the year, up from their previous 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.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of A. Schulman from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Saturday. TheStreet upgraded shares of A. Schulman from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. SunTrust Banks raised their price target on shares of A. Schulman from $32.00 to $37.00 and gave the stock a “hold” rating in a research report on Monday, January 8th. BidaskClub upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, ValuEngine downgraded shares of A. Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.67.

A. Schulman (SHLM) opened at $39.25 on Friday. The firm has a market cap of $1,160.00, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 1.91 and a beta of 1.58. The company has a current ratio of 1.61, a quick ratio of 1.09 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 $40.95.

A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.11. The company had revenue of $674.60 million during the quarter, compared to analyst estimates of $639.10 million. A. Schulman had a net margin of 1.78% and a return on equity of 28.45%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be given a $0.205 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.09%. A. Schulman’s payout ratio is currently 65.08%.

Several institutional investors have recently bought and sold shares of the company. Highbridge Capital Management LLC lifted its position in shares of A. Schulman by 186.8% in the 3rd quarter. Highbridge Capital Management LLC now owns 102,835 shares of the basic materials company’s stock worth $3,512,000 after buying an additional 66,976 shares during the last quarter. Aureus Asset Management LLC bought a new position in shares of A. Schulman in the 3rd quarter worth about $331,000. Dynamic Technology Lab Private Ltd bought a new position in shares of A. Schulman in the 3rd quarter worth about $432,000. Macquarie Group Ltd. bought a new position in shares of A. Schulman in the 3rd quarter worth about $501,000. Finally, SG Americas Securities LLC bought a new position in shares of A. Schulman in the 3rd quarter worth about $111,000. Institutional investors own 78.94% of the company’s stock.

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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.

Earnings History and Estimates for A. Schulman (NASDAQ:SHLM)

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