A. Schulman, Inc. (NASDAQ:SHLM) – SunTrust Banks cut their FY2017 earnings per share (EPS) estimates for shares of A. Schulman in a report issued on Sunday. SunTrust Banks analyst J. Freuchtel now expects that the basic materials company will post earnings of $1.68 per share for the year, down from their previous estimate of $2.07. SunTrust Banks also issued estimates for A. Schulman’s Q4 2017 earnings at $0.25 EPS, Q1 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.68 EPS and FY2018 earnings at $2.58 EPS.

A number of other equities analysts have also weighed in on SHLM. BidaskClub upgraded shares of A. Schulman from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, ValuEngine lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. A. Schulman presently has an average rating of “Hold” and an average price target of $33.00.

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Shares of A. Schulman (SHLM) opened at 29.85 on Wednesday. The stock has a 50 day moving average price of $28.33 and a 200 day moving average price of $30.29. A. Schulman has a 1-year low of $23.86 and a 1-year high of $37.70. The company’s market capitalization is $878.19 million.

A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.02. The company had revenue of $645.80 million during the quarter, compared to the consensus estimate of $619.54 million. A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. A. Schulman’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 earnings per share.

Several institutional investors have recently bought and sold shares of SHLM. BlackRock Inc. raised its position in A. Schulman by 45,121.7% in the first quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock valued at $112,868,000 after buying an additional 3,580,856 shares during the last quarter. Vanguard Group Inc. raised its position in A. Schulman by 8.7% in the second quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock valued at $92,346,000 after buying an additional 231,248 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in A. Schulman by 16.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,124,746 shares of the basic materials company’s stock valued at $35,992,000 after buying an additional 160,832 shares during the last quarter. Victory Capital Management Inc. raised its position in A. Schulman by 11.3% in the first quarter. Victory Capital Management Inc. now owns 1,060,635 shares of the basic materials company’s stock valued at $33,357,000 after buying an additional 107,495 shares during the last quarter. Finally, Northern Trust Corp raised its position in A. Schulman by 3.8% in the second quarter. Northern Trust Corp now owns 889,569 shares of the basic materials company’s stock valued at $28,467,000 after buying an additional 32,566 shares during the last quarter. Institutional investors and hedge funds own 85.15% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Friday, July 14th were issued a dividend of $0.205 per share. The ex-dividend date was Wednesday, July 12th. This represents a $0.82 annualized dividend and a dividend yield of 2.75%. A. Schulman’s payout ratio 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.

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

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