A. Schulman, Inc. to Post Q2 2018 Earnings of $0.29 Per Share, Seaport Global Securities Forecasts (SHLM)
A. Schulman, Inc. (NASDAQ:SHLM) – Seaport Global Securities cut their Q2 2018 EPS estimates for A. Schulman in a research report issued on Monday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will earn $0.29 per share for the quarter, down from their previous estimate of $0.41. Seaport Global Securities also issued estimates for A. Schulman’s Q4 2018 earnings at $0.60 EPS.
A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. The business had revenue of $645.80 million for the quarter, compared to the consensus estimate of $619.54 million. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/07/26/a-schulman-inc-to-post-q2-2018-earnings-of-0-29-per-share-seaport-global-securities-forecasts-shlm.html.
Several other brokerages have also recently issued reports on SHLM. Zacks Investment Research raised A. Schulman from a “sell” rating to a “hold” rating in a report on Thursday, April 20th. BidaskClub raised A. Schulman from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. A. Schulman has an average rating of “Hold” and a consensus price target of $33.00.
Shares of A. Schulman (NASDAQ:SHLM) traded up 2.087% on Wednesday, reaching $25.675. 303,420 shares of the company’s stock were exchanged. The firm’s market cap is $755.36 million. A. Schulman has a one year low of $19.58 and a one year high of $37.70. The company has a 50 day moving average price of $29.68 and a 200 day moving average price of $31.37.
Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in A. Schulman during the fourth quarter valued at $13,181,000. Citadel Advisors LLC bought a new stake in A. Schulman during the first quarter valued at $1,215,000. Envestnet Asset Management Inc. raised its stake in A. Schulman by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 17,936 shares of the basic materials company’s stock valued at $563,000 after buying an additional 319 shares during the last quarter. First National Bank of Omaha raised its stake in 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. Finally, State Board of Administration of Florida Retirement System raised its stake in A. Schulman by 18.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 25,741 shares of the basic materials company’s stock valued at $861,000 after buying an additional 3,928 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, July 14th will be issued a dividend of $0.205 per share. The ex-dividend date is Wednesday, July 12th. This represents a $0.82 annualized dividend and a yield of 3.26%. A. Schulman’s payout ratio is presently -6.56%.
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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