Seaport Global Securities Equities Analysts Decrease Earnings Estimates for A. Schulman Inc. (SHLM)
A. Schulman Inc. (NASDAQ:SHLM) – Investment analysts at Seaport Global Securities dropped their Q3 2017 earnings per share estimates for shares of A. Schulman in a research report issued to clients and investors on Thursday. Seaport Global Securities analyst M. Harrison now anticipates that the brokerage will post earnings per share of $0.73 for the quarter, down from their previous forecast of $0.74. Seaport Global Securities currently has a “Neutral” rating and a $33.00 target price on the stock. Seaport Global Securities also issued estimates for A. Schulman’s FY2017 earnings at $2.09 EPS, Q1 2018 earnings at $0.60 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $0.82 EPS and FY2018 earnings at $2.70 EPS.
A. Schulman (NASDAQ:SHLM) last posted 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 firm earned $604.60 million during the quarter, compared to analyst estimates of $584.92 million. A. Schulman had a negative net margin of 14.31% and a positive return on equity of 13.97%. The business’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS.
A number of other brokerages also recently issued reports on SHLM. Gabelli downgraded A. Schulman from a “buy” rating to a “hold” rating in a report on Monday, August 15th. TheStreet downgraded A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Zacks Investment Research downgraded A. Schulman from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st. Northcoast Research downgraded A. Schulman from a “buy” rating to a “neutral” rating in a report on Friday, October 28th. Finally, Longbow Research downgraded A. Schulman from a “buy” rating to a “neutral” rating in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $32.50.
A. Schulman (NASDAQ:SHLM) traded down 1.40% during trading on Friday, hitting $31.60. 157,975 shares of the stock traded hands. The stock’s market cap is $927.05 million. A. Schulman has a 12 month low of $19.58 and a 12 month high of $35.31. The firm’s 50-day moving average is $29.54 and its 200-day moving average is $26.96.
Large investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. increased its stake in A. Schulman by 0.3% in the second quarter. Eqis Capital Management Inc. now owns 9,239 shares of the company’s stock valued at $226,000 after buying an additional 26 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in A. Schulman by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 4,995 shares of the company’s stock valued at $146,000 after buying an additional 54 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in A. Schulman by 0.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 17,630 shares of the company’s stock valued at $514,000 after buying an additional 110 shares during the period. BlackRock Inc. boosted its stake in A. Schulman by 2.2% in the third quarter. BlackRock Inc. now owns 8,287 shares of the company’s stock valued at $241,000 after buying an additional 175 shares during the period. Finally, Arizona State Retirement System boosted its stake in A. Schulman by 1.3% in the second quarter. Arizona State Retirement System now owns 15,154 shares of the company’s stock valued at $370,000 after buying an additional 200 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.
In other news, Director James A. Mitarotonda acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was acquired at an average cost of $24.38 per share, with a total value of $609,500.00. Following the completion of the acquisition, the director now owns 30,426 shares of the company’s stock, valued at $741,785.88. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 4.08% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Stockholders of record on Monday, October 24th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, October 20th. A. Schulman’s payout ratio is currently -6.60%.
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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