A. Schulman, Inc. (NASDAQ:SHLM) Updates FY17 Earnings Guidance
A. Schulman, Inc. (NASDAQ:SHLM) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $1.60-1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.03.
A number of equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of A. Schulman from a sell rating to a hold rating in a research note on Thursday, July 13th. BidaskClub raised shares of A. Schulman from a strong sell rating to a sell rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. A. Schulman has a consensus rating of Hold and a consensus price target of $33.00.
Shares of A. Schulman, Inc. (NASDAQ SHLM) opened at 31.10 on Thursday. The firm’s 50-day moving average is $29.78 and its 200-day moving average is $31.40. The stock’s market capitalization is $914.96 million. A. Schulman, Inc. has a one year low of $19.58 and a one year high of $37.70.
A. Schulman (NASDAQ:SHLM) last announced its earnings results on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The business had revenue of $645.80 million for the quarter, compared to analyst estimates of $619.54 million. A. Schulman had a positive return on equity of 35.64% and a negative net margin of 14.86%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 earnings per share. Equities research analysts forecast that A. Schulman, Inc. will post $2.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, July 12th. A. Schulman’s payout ratio is -6.56%.
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A. Schulman Company Profile
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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