$0.37 EPS Expected for A. Schulman, Inc. (SHLM) This Quarter
Equities research analysts forecast that A. Schulman, Inc. (NASDAQ:SHLM) will post earnings of $0.37 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for A. Schulman’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.22. A. Schulman posted earnings per share of $0.41 in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.8%. The business is scheduled to issue its next earnings results on Wednesday, October 25th.
On average, analysts expect that A. Schulman will report full-year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.62 to $2.07. For the next financial year, analysts anticipate that the firm will report earnings of $2.17 per share, with EPS estimates ranging from $1.90 to $2.72. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover A. Schulman.
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 business had revenue of $645.80 million during the quarter, compared to analysts’ expectations of $619.54 million. During the same quarter in the prior year, the firm earned $0.79 EPS. A. Schulman’s revenue for the quarter was down .7% compared to the same quarter last year.
SHLM has been the topic of several analyst reports. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine cut A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, BidaskClub upgraded 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, four have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised 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 valued at $102,000 after buying an additional 90 shares during the period. US Bancorp DE raised its position in shares of A. Schulman by 23.4% in the second quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock valued at $111,000 after buying an additional 661 shares during the period. PNC Financial Services Group Inc. raised its position in shares of A. Schulman by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock valued at $156,000 after buying an additional 50 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of A. Schulman during the second quarter valued at $204,000. Finally, Dubuque Bank & Trust Co. purchased a new position in shares of A. Schulman during the first quarter valued at $209,000. 85.15% of the stock is currently owned by institutional investors and hedge funds.
A. Schulman (SHLM) traded up 3.14% during midday trading on Friday, reaching $29.55. The company’s stock had a trading volume of 585,159 shares. The firm’s market cap is $869.36 million. A. Schulman has a 1-year low of $23.40 and a 1-year high of $37.70. The company has a 50 day moving average price of $28.40 and a 200 day moving average price of $30.38.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 14th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Wednesday, July 12th. A. Schulman’s dividend payout ratio (DPR) is currently -6.56%.
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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