FY2017 EPS Estimates for A. Schulman, Inc. Lowered by Gabelli (SHLM)
A. Schulman, Inc. (NASDAQ:SHLM) – Research analysts at Gabelli decreased their FY2017 EPS estimates for shares of A. Schulman in a research note issued on Monday. Gabelli analyst R. Morbelli now expects that the basic materials company will post earnings of $1.62 per share for the year, down from their prior estimate of $2.00. Gabelli also issued estimates for A. Schulman’s FY2018 earnings at $2.00 EPS.
A. Schulman (NASDAQ:SHLM) last posted its earnings results on Wednesday, June 28th. The basic materials company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $645.80 million for the quarter, compared to analysts’ expectations of $619.54 million. During the same period in the previous year, the company earned $0.79 EPS. The company’s revenue was down .7% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “FY2017 EPS Estimates for A. Schulman, Inc. Lowered by Gabelli (SHLM)” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/07/26/fy2017-eps-estimates-for-a-schulman-inc-lowered-by-gabelli-shlm.html.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of A. Schulman from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. BidaskClub upgraded shares of A. Schulman from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $33.00.
A. Schulman (SHLM) traded up 1.79% during midday trading on Wednesday, reaching $25.60. 42,339 shares of the company were exchanged. The firm has a 50-day moving average price of $29.68 and a 200-day moving average price of $31.36. A. Schulman has a 52 week low of $19.58 and a 52 week high of $37.70. The company’s market capitalization is $753.15 million.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHLM. State Board of Administration of Florida Retirement System raised its position 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. State Street Corp raised its position in A. Schulman by 8.3% in the fourth quarter. State Street Corp now owns 634,835 shares of the basic materials company’s stock valued at $21,236,000 after buying an additional 48,740 shares during the last quarter. Renaissance Technologies LLC acquired a new position in A. Schulman during the fourth quarter valued at approximately $975,000. Thrivent Financial for Lutherans raised its position in A. Schulman by 6.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,850 shares of the basic materials company’s stock valued at $530,000 after buying an additional 1,000 shares during the last quarter. Finally, Norges Bank acquired a new position in A. Schulman during the fourth quarter valued at approximately $13,181,000. Institutional investors own 87.95% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th will be issued a $0.205 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $0.82 dividend on an annualized basis and a yield of 3.26%. A. Schulman’s dividend payout ratio (DPR) is -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.
Receive News & Ratings for A. Schulman Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. Schulman Inc. and related companies with MarketBeat.com's FREE daily email newsletter.