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.
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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