Zacks: Analysts Expect A. Schulman, Inc. (SHLM) Will Announce Quarterly Sales of $629.32 Million
Equities research analysts predict that A. Schulman, Inc. (NASDAQ:SHLM) will post sales of $629.32 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for A. Schulman’s earnings. The lowest sales estimate is $626.93 million and the highest is $631.70 million. A. Schulman posted sales of $600.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.9%. The firm is expected to report its next quarterly earnings report on Monday, January 8th.
On average, analysts expect that A. Schulman will report full year sales of $629.32 million for the current fiscal year, with estimates ranging from $2.51 billion to $2.56 billion. For the next year, analysts forecast that the business will report sales of $2.64 billion per share, with estimates ranging from $2.64 billion to $2.65 billion. Zacks’ sales averages are an average based on a survey of analysts that follow A. Schulman.
A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.07. The business had revenue of $646.65 million for the quarter, compared to analysts’ expectations of $624.91 million. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS.
A number of hedge funds have recently made changes to their positions in the business. Highbridge Capital Management LLC lifted its holdings in A. Schulman by 186.8% in the 3rd quarter. Highbridge Capital Management LLC now owns 102,835 shares of the basic materials company’s stock valued at $3,512,000 after purchasing an additional 66,976 shares in the last quarter. Aureus Asset Management LLC purchased a new position in shares of A. Schulman during the 3rd quarter worth $331,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of A. Schulman during the 3rd quarter worth $432,000. Macquarie Group Ltd. purchased a new position in shares of A. Schulman during the 3rd quarter worth $501,000. Finally, SG Americas Securities LLC purchased a new position in shares of A. Schulman during the 3rd quarter worth $111,000. Institutional investors own 79.15% of the company’s stock.
Shares of A. Schulman (NASDAQ:SHLM) opened at $36.40 on Wednesday. The company has a market cap of $1,076.75, a P/E ratio of 20.86, a PEG ratio of 1.80 and a beta of 1.57. A. Schulman has a one year low of $25.00 and a one year high of $39.85. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.09 and a current ratio of 1.68.
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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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