Zacks: Brokerages Expect A. Schulman, Inc. (SHLM) to Post $0.50 Earnings Per Share
Wall Street brokerages expect A. Schulman, Inc. (NASDAQ:SHLM) to post earnings of $0.50 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for A. Schulman’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.40. A. Schulman reported earnings per share of $0.49 during the same quarter last year, which would indicate a positive year over year growth rate of 2%. The firm is scheduled to report its next earnings report on Monday, January 8th.
On average, analysts expect that A. Schulman will report full-year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.63. For the next financial year, analysts forecast that the business will report earnings of $2.61 per share, with EPS estimates ranging from $2.45 to $2.77. Zacks’ EPS calculations are an average based on a survey of analysts that cover A. Schulman.
A. Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.07. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The business had revenue of $646.65 million during the quarter, compared to analysts’ expectations of $624.91 million. During the same quarter last year, the business posted $0.47 EPS. The business’s revenue was up 7.0% on a year-over-year basis.
A number of research firms have recently issued reports on SHLM. Zacks Investment Research downgraded A. Schulman from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. SunTrust Banks, Inc. restated a “hold” rating on shares of A. Schulman in a research note on Friday, October 27th. BidaskClub upgraded A. Schulman from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. ValuEngine downgraded A. Schulman from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Finally, Longbow Research upgraded A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, August 25th. Four research 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. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its position in A. Schulman by 30.7% during the third quarter. BNP Paribas Arbitrage SA now owns 15,551 shares of the basic materials company’s stock valued at $531,000 after purchasing an additional 3,652 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in A. Schulman by 4.1% during the third quarter. GHP Investment Advisors Inc. now owns 36,068 shares of the basic materials company’s stock valued at $1,232,000 after purchasing an additional 1,431 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in A. Schulman during the third quarter valued at $228,000. American Century Companies Inc. purchased a new position in A. Schulman during the third quarter valued at $2,133,000. Finally, Gabelli Funds LLC lifted its position in A. Schulman by 63.8% during the third quarter. Gabelli Funds LLC now owns 86,800 shares of the basic materials company’s stock valued at $2,964,000 after purchasing an additional 33,800 shares in the last quarter. Institutional investors own 84.38% of the company’s stock.
A. Schulman (NASDAQ SHLM) traded down $0.35 during midday trading on Friday, reaching $39.35. The company’s stock had a trading volume of 123,367 shares, compared to its average volume of 179,832. The firm has a market cap of $1,160.82, a PE ratio of 22.49, a PEG ratio of 1.94 and a beta of 1.60. The company has a current ratio of 1.68, a quick ratio of 1.09 and a debt-to-equity ratio of 4.28.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 24th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $0.82 annualized dividend and a yield of 2.08%. A. Schulman’s dividend payout ratio (DPR) is presently 94.25%.
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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