A. Schulman Inc. Forecasted to Earn Q4 2017 Earnings of $0.68 Per Share (SHLM)
A. Schulman Inc. (NASDAQ:SHLM) – Investment analysts at Seaport Global Securities cut their Q4 2017 EPS estimates for A. Schulman in a report issued on Thursday. Seaport Global Securities analyst M. Harrison now anticipates that the brokerage will earn $0.68 per share for the quarter, down from their previous estimate of $0.69. Seaport Global Securities currently has a “Neutral” rating and a $33.00 target price on the stock.
A number of other research analysts also recently weighed in on the company. Longbow Research downgraded A. Schulman from a “buy” rating to a “neutral” rating in a research note on Thursday, August 11th. TheStreet downgraded A. Schulman from a “buy” rating to a “hold” rating in a research report on Friday, September 9th. Northcoast Research downgraded A. Schulman from a “buy” rating to a “neutral” rating in a research report on Friday, October 28th. Gabelli downgraded A. Schulman from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. Finally, Zacks Investment Research downgraded A. Schulman from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $32.50.
Shares of A. Schulman (NASDAQ:SHLM) opened at 31.90 on Monday. A. Schulman has a 12 month low of $19.58 and a 12 month high of $35.31. The firm has a 50-day moving average price of $29.57 and a 200 day moving average price of $26.95. The firm’s market capitalization is $935.85 million.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.15. A. Schulman had a positive return on equity of 13.97% and a negative net margin of 14.31%. The firm had revenue of $604.60 million for the quarter, compared to analysts’ expectations of $584.92 million. During the same period last year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis.
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 dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Thursday, October 20th. A. Schulman’s payout ratio is presently -6.60%.
In other news, Director James A. Mitarotonda acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The shares were bought at an average price of $24.38 per share, with a total value of $609,500.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.08% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Channing Capital Management LLC raised its stake in shares of A. Schulman by 2.3% in the second quarter. Channing Capital Management LLC now owns 1,351,511 shares of the company’s stock valued at $33,004,000 after buying an additional 29,836 shares during the last quarter. Daruma Capital Management LLC raised its stake in shares of A. Schulman by 12.4% in the first quarter. Daruma Capital Management LLC now owns 1,762,166 shares of the company’s stock valued at $47,966,000 after buying an additional 194,822 shares during the last quarter. Tributary Capital Management LLC raised its stake in shares of A. Schulman by 11.3% in the second quarter. Tributary Capital Management LLC now owns 302,109 shares of the company’s stock valued at $7,378,000 after buying an additional 30,623 shares during the last quarter. Swiss National Bank raised its stake in shares of A. Schulman by 2.1% in the second quarter. Swiss National Bank now owns 47,900 shares of the company’s stock valued at $1,170,000 after buying an additional 1,000 shares during the last quarter. Finally, Foundry Partners LLC purchased a new stake in shares of A. Schulman during the second quarter valued at $3,174,000. 92.52% of the stock is currently owned by institutional investors.
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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