Q1 2017 Earnings Forecast for A. Schulman Inc. (SHLM) Issued By KeyCorp
A. Schulman Inc. (NASDAQ:SHLM) – Stock analysts at KeyCorp lifted their Q1 2017 earnings per share (EPS) estimates for shares of A. Schulman in a research report issued to clients and investors on Thursday. KeyCorp analyst M. Sison now forecasts that the brokerage will post earnings of $0.49 per share for the quarter, up from their previous forecast of $0.41. KeyCorp also issued estimates for A. Schulman’s Q2 2017 earnings at $0.32 EPS, Q3 2017 earnings at $0.77 EPS and Q4 2017 earnings at $0.52 EPS.
Other research analysts have also recently issued reports about the company. Northcoast Research raised A. Schulman from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, August 26th. TheStreet raised A. Schulman from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Gabelli raised A. Schulman from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. Zacks Investment Research raised A. Schulman from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 18th. Finally, Longbow Research cut A. Schulman from a “buy” rating to a “neutral” rating in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $32.50.
Shares of A. Schulman (NASDAQ:SHLM) traded down 1.56% during midday trading on Friday, reaching $31.55. 146,106 shares of the company’s stock were exchanged. A. Schulman has a 1-year low of $19.58 and a 1-year high of $35.31. The firm has a 50-day moving average of $29.54 and a 200-day moving average of $26.96. The company’s market capitalization is $925.58 million.
A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.15. A. Schulman had a negative net margin of 14.31% and a positive return on equity of 13.97%. The company earned $604.60 million during the quarter, compared to the consensus estimate of $584.92 million. During the same period in the prior year, the company earned $0.64 EPS. A. Schulman’s revenue was down 10.3% on a year-over-year basis.
Hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas raised its stake in shares of A. Schulman by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,093 shares of the company’s stock worth $100,000 after buying an additional 503 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of A. Schulman by 18.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,351 shares of the company’s stock worth $106,000 after buying an additional 692 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in shares of A. Schulman during the second quarter worth approximately $139,000. PNC Financial Services Group Inc. raised its stake in shares of A. Schulman by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 4,995 shares of the company’s stock worth $146,000 after buying an additional 54 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of A. Schulman during the third quarter worth approximately $155,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.
In other A. Schulman news, Director James A. Mitarotonda bought 25,000 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was bought at an average cost of $24.38 per share, for a total transaction of $609,500.00. Following the completion of the purchase, the director now owns 30,426 shares in the company, valued at approximately $741,785.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.08% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 4th. Stockholders of record on Monday, October 24th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, October 20th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.56%. A. Schulman’s dividend payout ratio (DPR) is presently -6.60%.
About A. Schulman
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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