SunTrust Banks Comments on A. Schulman, Inc.’s FY2017 Earnings (SHLM)
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.
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