A. Schulman, Inc. (SHLM) Expected to Announce Quarterly Sales of $616.01 Million
Wall Street analysts expect A. Schulman, Inc. (NASDAQ:SHLM) to post sales of $616.01 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for A. Schulman’s earnings, with the lowest sales estimate coming in at $613.90 million and the highest estimate coming in at $618.12 million. A. Schulman reported sales of $650.44 million during the same quarter last year, which indicates a negative year over year growth rate of 5.3%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, June 28th.
On average, analysts expect that A. Schulman will report full year sales of $616.01 million for the current year, with estimates ranging from $2.39 billion to $2.42 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.47 billion per share, with estimates ranging from $2.45 billion to $2.49 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow A. Schulman.
A. Schulman (NASDAQ:SHLM) last posted its earnings results on Tuesday, April 4th. The basic materials company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. A. Schulman had a positive return on equity of 24.36% and a negative net margin of 14.76%. The company had revenue of $568.70 million during the quarter, compared to analyst estimates of $574.41 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. A. Schulman’s revenue was down 3.9% on a year-over-year basis.
Separately, Zacks Investment Research upgraded shares of A. Schulman from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Friday, March 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $33.00.
In related news, SVP Gustavo S. Perez sold 6,468 shares of the company’s stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $29.78, for a total transaction of $192,617.04. Following the transaction, the senior vice president now owns 37,492 shares of the company’s stock, valued at $1,116,511.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.08% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its position in A. Schulman by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the basic materials company’s stock worth $102,000 after buying an additional 90 shares in the last quarter. Ellington Management Group LLC bought a new position in A. Schulman during the fourth quarter worth $221,000. Dubuque Bank & Trust Co. bought a new position in A. Schulman during the first quarter worth $209,000. Mason Street Advisors LLC increased its position in A. Schulman by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,882 shares of the basic materials company’s stock worth $216,000 after buying an additional 471 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new position in A. Schulman during the fourth quarter worth $230,000. 88.52% of the stock is currently owned by institutional investors.
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Shares of A. Schulman (NASDAQ:SHLM) opened at 29.00 on Friday. A. Schulman has a one year low of $19.58 and a one year high of $37.70. The stock’s market cap is $852.40 million. The stock’s 50 day moving average price is $29.72 and its 200 day moving average price is $32.15.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, July 14th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Wednesday, July 12th. A. Schulman’s payout ratio is -6.59%.
A. Schulman Company Profile
A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.
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