A. Schulman (SHLM) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS
A. Schulman (NASDAQ:SHLM) posted its quarterly earnings results on Monday. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.06, Analyst Ratings Net reports. The company had revenue of $588.51 million for the quarter, compared to the consensus estimate of $575.00 million. During the same quarter last year, the company posted $0.27 earnings per share.
On the ratings front, analysts at EVA Dimensions upgraded shares of A. Schulman from a “hold” rating to an “overweight” rating in a research note on Thursday, March 13th.
Shares of A. Schulman (NASDAQ:SHLM) traded up 0.25% during mid-day trading on Monday, hitting $36.32. 178,559 shares of the company’s stock traded hands. A. Schulman has a one year low of $24.61 and a one year high of $37.38. The stock has a 50-day moving average of $34.85 and a 200-day moving average of $33.31. The company has a market cap of $1.054 billion and a P/E ratio of 36.01.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 1st. Shareholders of record on Friday, April 18th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, April 15th.
A. Schulman, Inc (NASDAQ:SHLM) is a supplier of plastic compounds, resins and services.
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