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.

Earnings History and Estimates for A. Schulman (NASDAQ:SHLM)

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