A Schulman Inc (SHLM) Expected to Post Quarterly Sales of $628.2 Million
Brokerages expect A Schulman Inc (NASDAQ:SHLM) to announce sales of $628.2 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for A Schulman’s earnings, with the lowest sales estimate coming in at $613.9 million and the highest estimate coming in at $642.5 million. A Schulman posted sales of $650.44 million in the same quarter last year, which would indicate a negative year over year growth rate of 3.4%. The company is scheduled to issue its next quarterly earnings results on Tuesday, June 27th.
According to Zacks, analysts expect that A Schulman will report full-year sales of $628.2 million for the current fiscal year, with estimates ranging from $2.4 billion to $2.47 billion. For the next financial year, analysts forecast that the business will report sales of $2.52 billion per share, with estimates ranging from $2.48 billion to $2.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow A Schulman.
A Schulman (NASDAQ:SHLM) last posted its quarterly earnings results on Tuesday, April 4th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. A Schulman had a positive return on equity of 17.93% and a negative net margin of 14.77%. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $574.41 million. During the same period last year, the company earned $0.31 EPS. A Schulman’s revenue for the quarter was down 3.9% compared to the same quarter last year.
Separately, Zacks Investment Research upgraded A Schulman from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. A Schulman presently has a consensus rating of “Hold” and a consensus target price of $33.00.
In other news, SVP Gustavo S. Perez sold 6,468 shares of the stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $29.78, for a total value of $192,617.04. Following the sale, the senior vice president now directly owns 37,492 shares in the company, valued at $1,116,511.76. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 4.08% of the company’s stock.
Large investors have recently modified their holdings of the company. Keybank National Association OH increased its stake in shares of A Schulman by 36.6% in the fourth quarter. Keybank National Association OH now owns 39,600 shares of the basic materials company’s stock valued at $1,325,000 after buying an additional 10,600 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of A Schulman by 8.1% in the third quarter. BlackRock Fund Advisors now owns 2,043,406 shares of the basic materials company’s stock valued at $59,504,000 after buying an additional 152,944 shares during the last quarter. Norges Bank acquired a new stake in shares of A Schulman during the fourth quarter valued at $13,181,000. Russell Investments Group Ltd. acquired a new stake in shares of A Schulman during the fourth quarter valued at $16,324,000. Finally, First National Bank of Omaha increased its stake in shares of A Schulman by 22.1% in the first quarter. First National Bank of Omaha now owns 37,970 shares of the basic materials company’s stock valued at $1,194,000 after buying an additional 6,864 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.
Shares of A Schulman (NASDAQ:SHLM) opened at 28.60 on Friday. A Schulman has a 12 month low of $19.58 and a 12 month high of $37.70. The company’s market capitalization is $840.64 million. The stock has a 50 day moving average price of $30.20 and a 200-day moving average price of $32.45.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Friday, April 14th were issued a $0.205 dividend. The ex-dividend date was Tuesday, April 11th. This represents a $0.82 annualized dividend and a dividend yield of 2.91%. A Schulman’s payout ratio is -6.53%.
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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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