Brokers Issue Forecasts for A. Schulman, Inc.’s Q1 2018 Earnings (SHLM)

A. Schulman, Inc. (NASDAQ:SHLM) – Research analysts at SunTrust Banks issued their Q1 2018 EPS estimates for shares of A. Schulman in a report released on Sunday. SunTrust Banks analyst J. Freuchtel expects that the basic materials company will post earnings of $0.47 per share for the quarter. SunTrust Banks has a “Hold” rating and a $37.00 price objective on the stock. SunTrust Banks also issued estimates for A. Schulman’s Q2 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.23 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.75 EPS and Q4 2019 earnings at $0.67 EPS.

A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.11. The company had revenue of $674.60 million for the quarter, compared to the consensus estimate of $639.10 million. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS.

A number of other equities analysts also recently weighed in on SHLM. Zacks Investment Research raised shares of A. Schulman from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. TheStreet raised shares of A. Schulman from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. ValuEngine downgraded shares of A. Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BidaskClub downgraded shares of A. Schulman from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.33.

A. Schulman (NASDAQ:SHLM) opened at $37.90 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.68 and a debt-to-equity ratio of 4.28. The firm has a market cap of $1,120.00, a PE ratio of 44.07, a P/E/G ratio of 1.92 and a beta of 1.58. A. Schulman has a fifty-two week low of $25.00 and a fifty-two week high of $40.95.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in A. Schulman by 8.7% during the second quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock valued at $92,346,000 after purchasing an additional 231,248 shares during the last quarter. Northern Trust Corp lifted its holdings in A. Schulman by 3.8% during the second quarter. Northern Trust Corp now owns 889,569 shares of the basic materials company’s stock valued at $28,467,000 after purchasing an additional 32,566 shares during the last quarter. LSV Asset Management lifted its holdings in A. Schulman by 11.7% during the second quarter. LSV Asset Management now owns 739,006 shares of the basic materials company’s stock valued at $23,648,000 after purchasing an additional 77,691 shares during the last quarter. State Street Corp increased its position in shares of A. Schulman by 3.5% during the second quarter. State Street Corp now owns 703,408 shares of the basic materials company’s stock valued at $22,506,000 after buying an additional 23,883 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of A. Schulman by 67.2% during the second quarter. Ameriprise Financial Inc. now owns 393,323 shares of the basic materials company’s stock valued at $12,588,000 after buying an additional 158,095 shares during the period. 78.94% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, January 11th. A. Schulman’s dividend payout ratio (DPR) is presently 95.35%.

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About A. Schulman

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.

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

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