A. Schulman Stock Price Up 5.2% Following Better-Than-Expected Earnings (SHLM)
A. Schulman (NASDAQ:SHLM) shares rose 5.2% on Wednesday following a stronger than expected earnings report, AnalystRatingsNetwork.com reports. The stock traded as high as $41.93 and last traded at $41.60, with a volume of 437,414 shares trading hands. The stock had previously closed at $39.53.
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.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Investors of record on Friday, July 18th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Wednesday, July 16th.
The stock has a 50-day moving average of $35.98 and a 200-day moving average of $35.14. The company has a market cap of $1.209 billion and a P/E ratio of 47.12.
A. Schulman, Inc (NASDAQ:SHLM) is a supplier of plastic compounds, resins and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.