FY2017 EPS Estimates for A. Schulman, Inc. (SHLM) Decreased by Analyst
A. Schulman, Inc. (NASDAQ:SHLM) – Northcoast Research dropped their FY2017 earnings estimates for shares of A. Schulman in a report released on Tuesday. Northcoast Research analyst K. Hocevar now expects that the basic materials company will post earnings of $1.65 per share for the year, down from their previous estimate of $2.00. Northcoast Research also issued estimates for A. Schulman’s Q4 2017 earnings at $0.22 EPS and FY2018 earnings at $2.05 EPS.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised 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 research note on Tuesday, July 11th. One research 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. The company has a consensus rating of “Hold” and a consensus price target of $33.00.
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A. Schulman (NASDAQ SHLM) opened at 26.00 on Thursday. The firm’s market capitalization is $764.92 million. The stock’s 50 day moving average price is $29.27 and its 200 day moving average price is $31.12. A. Schulman has a 12 month low of $19.58 and a 12 month high of $37.70.
A. Schulman (NASDAQ:SHLM) last issued 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. The company had revenue of $645.80 million during the quarter, compared to analyst estimates of $619.54 million. A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.82 dividend on an annualized basis and a yield of 3.15%. A. Schulman’s payout ratio is presently -6.56%.
A number of institutional investors have recently made changes to their positions in the stock. Miles Capital Inc. boosted its position in shares of A. Schulman by 0.3% in the first quarter. Miles Capital Inc. now owns 7,094 shares of the basic materials company’s stock worth $223,000 after buying an additional 22 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of A. Schulman by 0.3% in the first quarter. Fifth Third Bancorp now owns 13,272 shares of the basic materials company’s stock worth $417,000 after buying an additional 46 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of A. Schulman by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the basic materials company’s stock worth $102,000 after buying an additional 90 shares during the last quarter. Ironwood Investment Management LLC boosted its position in shares of A. Schulman by 0.5% in the first quarter. Ironwood Investment Management LLC now owns 39,645 shares of the basic materials company’s stock worth $1,247,000 after buying an additional 195 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of A. Schulman by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the basic materials company’s stock worth $377,000 after buying an additional 200 shares during the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.
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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