A. Schulman Earnings Estimates Boosted at Gabelli (SHLM)
Stock analysts at Gabelli upped their earnings per share estimates on shares of A. Schulman (NASDAQ:SHLM) in a report issued on Thursday. The firm currently has a “buy” rating on the company’s shares.
A. Schulman (NASDAQ:SHLM) traded down 0.17% on Thursday, hitting $41.24. 49,039 shares of the company’s stock traded hands. A. Schulman has a one year low of $26.34 and a one year high of $41.93. The stock has a 50-day moving average of $36.13 and a 200-day moving average of $35.19. The company has a market cap of $1.198 billion and a P/E ratio of 49.24.
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. On average, analysts predict that A. Schulman will post $2.30 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders 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 1.94%. 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.
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.