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. 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%.
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.
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