Wall Street analysts forecast that A. Schulman, Inc. (NASDAQ:SHLM) will announce $617.87 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for A. Schulman’s earnings, with the lowest sales estimate coming in at $614.00 million and the highest estimate coming in at $621.73 million. A. Schulman posted sales of $604.59 million in the same quarter last year, which suggests a positive year over year growth rate of 2.2%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that A. Schulman will report full-year sales of $617.87 million for the current financial year, with estimates ranging from $2.42 billion to $2.44 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.50 billion per share, with estimates ranging from $2.49 billion to $2.52 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow A. Schulman.

A. Schulman (NASDAQ:SHLM) last announced its quarterly 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 the consensus estimate of $619.54 million. During the same period in the previous year, the business posted $0.79 EPS. The firm’s revenue was down .7% on a year-over-year basis.

SHLM has been the topic of several recent analyst reports. BidaskClub lowered shares of A. Schulman from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. ValuEngine lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Longbow Research upgraded shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, August 25th. Finally, Zacks Investment Research upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $35.33.

Several hedge funds have recently modified their holdings of the company. Miles Capital Inc. lifted its holdings in shares of A. Schulman by 0.3% in the 1st quarter. Miles Capital Inc. now owns 7,094 shares of the basic materials company’s stock worth $223,000 after acquiring an additional 22 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of A. Schulman by 0.3% in the 1st quarter. Fifth Third Bancorp now owns 13,272 shares of the basic materials company’s stock worth $417,000 after acquiring an additional 46 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of A. Schulman by 1.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 50 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of A. Schulman by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 3,250 shares of the basic materials company’s stock worth $102,000 after acquiring an additional 90 shares during the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of A. Schulman by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 21,486 shares of the basic materials company’s stock worth $688,000 after acquiring an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

A. Schulman (NASDAQ:SHLM) opened at 30.50 on Friday. A. Schulman has a one year low of $25.00 and a one year high of $37.70. The company has a 50 day moving average of $28.38 and a 200-day moving average of $30.05. The company’s market cap is $897.31 million.

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

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