A. Schulman Inc. (SHLM) Issues Q4 Earnings Guidance
A. Schulman Inc. (NASDAQ:SHLM) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $.61-0.66 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.67, StockRatingsNetwork.com reports.
Shares of A. Schulman Inc. (NASDAQ:SHLM) traded up 2.14% on Tuesday, hitting $39.53. The stock had a trading volume of 312,372 shares. A. Schulman Inc. has a one year low of $24.63 and a one year high of $38.74. The stock’s 50-day moving average is $35.89 and its 200-day moving average is $35.09. The company has a market cap of $1.149 billion and a P/E ratio of 46.13.
A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings results on Tuesday, July 1st. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.08. The company had revenue of $645.70 million for the quarter, compared to the consensus estimate of $627.50 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts expect that A. Schulman Inc. will post $2.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Shareholders of record on Friday, July 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 2.02%. The ex-dividend date of this dividend is Wednesday, July 16th.
A. Schulman, Inc (NASDAQ:SHLM) is a supplier of plastic compounds, resins and services.
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