A. Schulman Inc. (SHLM) Releases FY17 Earnings Guidance
A. Schulman Inc. (NASDAQ:SHLM) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.08-2.18 for the period, compared to the Thomson Reuters consensus estimate of $2.13.
Several research firms recently commented on SHLM. Northcoast Research cut A. Schulman from a buy rating to a neutral rating in a research note on Friday, October 28th. Longbow Research cut A. Schulman from a buy rating to a neutral rating in a research note on Thursday, August 11th. Zacks Investment Research cut A. Schulman from a hold rating to a sell rating in a research note on Tuesday, November 1st. TheStreet raised A. Schulman from a hold rating to a buy rating in a research note on Thursday, July 21st. Finally, Gabelli raised A. Schulman from a hold rating to a buy rating in a research note on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $33.25.
Shares of A. Schulman Inc. (NASDAQ:SHLM) remained flat at $34.35 during midday trading on Wednesday. 192,575 shares of the company were exchanged. The firm’s market cap is $1.01 billion. A. Schulman Inc. has a 52-week low of $19.58 and a 52-week high of $35.31. The stock has a 50-day moving average of $29.28 and a 200-day moving average of $26.87.
A. Schulman (NASDAQ:SHLM) last issued its earnings results on Wednesday, October 26th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.15. The company earned $604.60 million during the quarter, compared to analysts’ expectations of $584.92 million. A. Schulman had a positive return on equity of 13.97% and a negative net margin of 14.31%. A. Schulman’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 EPS. On average, equities analysts forecast that A. Schulman Inc. will post $2.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Monday, October 24th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, October 20th. A. Schulman’s payout ratio is -6.60%.
In other A. Schulman news, Director James A. Mitarotonda purchased 25,000 shares of the stock in a transaction on Tuesday, August 23rd. The stock was acquired at an average price of $24.38 per share, with a total value of $609,500.00. Following the transaction, the director now directly owns 30,426 shares of the company’s stock, valued at approximately $741,785.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.08% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in A. Schulman by 75.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,100 shares of the company’s stock worth $760,000 after buying an additional 11,200 shares during the last quarter. Clinton Group Inc. acquired a new position in A. Schulman during the third quarter worth approximately $229,000. The Manufacturers Life Insurance Company acquired a new position in A. Schulman during the third quarter worth approximately $570,000. Principal Financial Group Inc. raised its position in A. Schulman by 2.8% in the third quarter. Principal Financial Group Inc. now owns 211,245 shares of the company’s stock worth $6,151,000 after buying an additional 5,776 shares during the last quarter. Finally, Northern Trust Corp raised its position in A. Schulman by 1.8% in the third quarter. Northern Trust Corp now owns 863,415 shares of the company’s stock worth $25,143,000 after buying an additional 14,960 shares during the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.
A. Schulman Company Profile
A. Schulman, Inc is a supplier of plastic formulations, resins and services. The Company’s segments include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.
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