A. Schulman, Inc. (NASDAQ:SHLM) has been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $37.00.
Several equities analysts have recently issued reports on SHLM shares. TheStreet raised shares of A. Schulman from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of A. Schulman from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine raised shares of A. Schulman from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. BidaskClub raised shares of A. Schulman from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of A. Schulman in a research note on Friday, October 27th.
Shares of A. Schulman (SHLM) traded down $0.65 during trading hours on Friday, reaching $37.25. 123,200 shares of the company traded hands, compared to its average volume of 179,338. The company has a market cap of $1,098.88, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 1.83 and a beta of 1.60. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.09 and a current ratio of 1.68. A. Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $39.85.
A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The business had revenue of $646.65 million during the quarter, compared to the consensus estimate of $624.91 million. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. equities analysts predict that A. Schulman will post 2.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 24th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Monday, October 23rd. A. Schulman’s dividend payout ratio is presently 94.25%.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in A. Schulman during the third quarter worth $111,000. US Bancorp DE raised its stake in A. Schulman by 23.4% during the second quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock worth $111,000 after buying an additional 661 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in A. Schulman by 1.0% during the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after buying an additional 50 shares during the last quarter. State of Alaska Department of Revenue raised its stake in A. Schulman by 78.7% during the second quarter. State of Alaska Department of Revenue now owns 5,807 shares of the basic materials company’s stock worth $185,000 after buying an additional 2,557 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in A. Schulman during the third quarter worth $202,000. 84.52% of the stock is owned by institutional investors and hedge funds.
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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