Seaport Global Securities Comments on A. Schulman, Inc.’s Q2 2018 Earnings (SHLM)
A. Schulman, Inc. (NASDAQ:SHLM) – Research analysts at Seaport Global Securities boosted their Q2 2018 earnings per share (EPS) estimates for shares of A. Schulman in a research report issued on Thursday. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will earn $0.31 per share for the quarter, up from their prior forecast of $0.24. Seaport Global Securities also issued estimates for A. Schulman’s Q3 2018 earnings at $0.67 EPS and Q4 2018 earnings at $0.64 EPS.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11. The business had revenue of $674.60 million for the quarter, compared to analyst estimates of $639.10 million. A. Schulman had a return on equity of 28.45% and a net margin of 1.78%. The company’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share.
A. Schulman (SHLM) opened at $39.25 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 4.01. The firm has a market capitalization of $1,157.91, a PE ratio of 31.15, a PEG ratio of 1.88 and a beta of 1.58. A. Schulman has a 1-year low of $25.00 and a 1-year high of $40.95.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 15th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, January 11th. A. Schulman’s dividend payout ratio (DPR) is 65.08%.
Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its holdings in 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 acquiring an additional 3,323 shares during the period. Alpha Windward LLC acquired a new stake in A. Schulman during the third quarter worth about $535,000. Stifel Financial Corp grew its holdings in A. Schulman by 16.0% during the second quarter. Stifel Financial Corp now owns 199,682 shares of the basic materials company’s stock worth $6,383,000 after acquiring an additional 27,562 shares during the period. Laurion Capital Management LP acquired a new stake in A. Schulman during the second quarter worth about $251,000. Finally, Highbridge Capital Management LLC grew its holdings in A. Schulman by 186.8% during the third quarter. Highbridge Capital Management LLC now owns 102,835 shares of the basic materials company’s stock worth $3,512,000 after acquiring an additional 66,976 shares during the period. 78.94% of the stock is currently owned by hedge funds and other institutional investors.
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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