Brokers Set Expectations for A. Schulman, Inc.’s FY2018 Earnings (SHLM)
A. Schulman, Inc. (NASDAQ:SHLM) – Equities researchers at Gabelli lifted their FY2018 earnings per share estimates for shares of A. Schulman in a research note issued to investors on Monday. Gabelli analyst R. Morbelli now anticipates that the basic materials company will post earnings per share of $2.10 for the year, up from their previous estimate of $2.00.
A. Schulman (NASDAQ:SHLM) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. The company had revenue of $646.65 million for the quarter, compared to analysts’ expectations of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share.
Several other analysts have also recently weighed in on SHLM. Zacks Investment Research raised shares of A. Schulman from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine raised shares of A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. BidaskClub raised shares of A. Schulman from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of A. Schulman in a research note on Friday, October 27th. Finally, Longbow Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, August 25th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. A. Schulman has an average rating of “Hold” and an average price target of $37.00.
The business also recently announced 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 of this dividend is Monday, October 23rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.09%. A. Schulman’s payout ratio is 94.25%.
Hedge funds have recently made changes to their positions in the company. Royce & Associates LP lifted its position in shares of A. Schulman by 77.2% during the second quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after purchasing an additional 243,479 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of A. Schulman during the second quarter worth approximately $1,633,000. Guyasuta Investment Advisors Inc. lifted its position in shares of A. Schulman by 13.0% during the second quarter. Guyasuta Investment Advisors Inc. now owns 34,815 shares of the basic materials company’s stock worth $1,114,000 after purchasing an additional 4,000 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of A. Schulman by 38.7% during the second quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the basic materials company’s stock worth $381,000 after purchasing an additional 3,323 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of A. Schulman by 11.7% during the second quarter. LSV Asset Management now owns 739,006 shares of the basic materials company’s stock worth $23,648,000 after purchasing an additional 77,691 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.
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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