Analysts Offer Predictions for A. Schulman, Inc.’s FY2021 Earnings (SHLM)
A. Schulman, Inc. (NASDAQ:SHLM) – Equities researchers at Gabelli issued their FY2021 earnings per share (EPS) estimates for A. Schulman in a research note issued to investors on Monday. Gabelli analyst R. Morbelli anticipates that the basic materials company will post earnings of $3.25 per share for the year.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine upgraded shares of A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. BidaskClub upgraded shares of A. Schulman from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. SunTrust Banks, Inc. restated a “hold” rating on shares of A. Schulman in a research note on Friday. Finally, Longbow Research upgraded shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Friday, August 25th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. A. Schulman has an average rating of “Hold” and a consensus price target of $37.00.
Shares of A. Schulman (NASDAQ:SHLM) traded up 2.34% during mid-day trading on Tuesday, hitting $39.30. The company had a trading volume of 286,587 shares. The firm’s market capitalization is $1.16 billion. The firm has a 50-day moving average price of $34.98 and a 200 day moving average price of $30.82. A. Schulman has a 52-week low of $25.00 and a 52-week high of $39.85.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. The firm had revenue of $646.65 million during the quarter, compared to analyst estimates of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. A. Schulman’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 24th will be given a dividend of $0.205 per share. The ex-dividend date is Monday, October 23rd. This represents a $0.82 annualized dividend and a dividend yield of 2.09%. A. Schulman’s dividend payout ratio (DPR) is currently 94.25%.
Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of A. Schulman by 23.4% during the 2nd quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 661 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of A. Schulman by 1.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 50 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of A. Schulman by 78.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,807 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 2,557 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of A. Schulman during the 3rd quarter worth $202,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in shares of A. Schulman during the 3rd quarter worth $205,000. 84.38% of the stock is owned by institutional investors and hedge funds.
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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