A. Schulman Inc. (NASDAQ:SHLM) – Gabelli boosted their FY2018 earnings per share (EPS) estimates for A. Schulman in a report released on Friday. Gabelli analyst R. Morbelli now anticipates that the brokerage will earn $2.50 per share for the year, up from their previous forecast of $2.35. Gabelli currently has a “Buy” rating on the stock. Gabelli also issued estimates for A. Schulman’s FY2019 earnings at $2.90 EPS.

A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.15. The business earned $604.60 million during the quarter, compared to analyst estimates of $584.92 million. A. Schulman had a positive return on equity of 13.97% and a negative net margin of 14.31%. The firm’s revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS.

Earnings History and Estimates for A. Schulman (NASDAQ:SHLM)

Other equities research analysts also recently issued research reports about the company. Longbow Research downgraded A. Schulman from a “buy” rating to a “neutral” rating in a report on Thursday, August 11th. TheStreet downgraded A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Northcoast Research downgraded A. Schulman from a “buy” rating to a “neutral” rating in a report on Friday, October 28th. Seaport Global Securities downgraded A. Schulman from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a report on Thursday, November 17th. Finally, Zacks Investment Research downgraded A. Schulman from a “hold” rating to a “strong sell” rating in a report on Saturday, August 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.50.

Shares of A. Schulman (NASDAQ:SHLM) traded up 1.36% during midday trading on Monday, hitting $33.55. The stock had a trading volume of 141,085 shares. A. Schulman has a one year low of $19.58 and a one year high of $35.31. The firm’s 50-day moving average is $29.85 and its 200 day moving average is $27.08. The company’s market capitalization is $984.26 million.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Monday, October 24th were issued a $0.205 dividend. The ex-dividend date was Thursday, October 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.44%. A. Schulman’s dividend payout ratio (DPR) is currently -6.60%.

Large investors have recently made changes to their positions in the company. BlackRock Group LTD increased its position in A. Schulman by 7.5% in the first quarter. BlackRock Group LTD now owns 40,342 shares of the company’s stock worth $1,098,000 after buying an additional 2,821 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in A. Schulman by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 744,551 shares of the company’s stock worth $20,267,000 after buying an additional 2,620 shares during the last quarter. Daruma Capital Management LLC increased its position in A. Schulman by 12.4% in the first quarter. Daruma Capital Management LLC now owns 1,762,166 shares of the company’s stock worth $47,966,000 after buying an additional 194,822 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in A. Schulman by 101.0% in the second quarter. BNP Paribas Arbitrage SA now owns 9,713 shares of the company’s stock worth $237,000 after buying an additional 4,881 shares during the last quarter. Finally, Foundry Partners LLC purchased a new position in A. Schulman during the second quarter worth about $3,174,000. Institutional investors own 92.52% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Brokers Offer Predictions for A. Schulman Inc.’s FY2018 Earnings (SHLM)” was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2016/11/23/brokers-offer-predictions-for-a-schulman-inc-s-fy2018-earnings-shlm.html.

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.

5 Day Chart for NASDAQ:SHLM

Receive News & Stock Ratings for A. Schulman Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. Schulman Inc. and related stocks with our FREE daily email newsletter.