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.

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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.

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

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