A. Schulman Inc. (SHLM) Stock Price Up 5.9%
Shares of A. Schulman Inc. (NASDAQ:SHLM) rose 5.9% during mid-day trading on Tuesday . The company traded as high as $27.78 and last traded at $27.74, with a volume of 176,934 shares trading hands. The stock had previously closed at $26.19.
SHLM has been the topic of a number of research reports. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a research report on Wednesday, March 16th. Longbow Research upgraded A. Schulman from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. A. Schulman currently has a consensus rating of “Buy” and an average target price of $39.67.
The firm’s 50 day moving average price is $24.58 and its 200 day moving average price is $25.52. The company has a market cap of $808.88 million and a PE ratio of 19.13.
A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings results on Tuesday, June 28th. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. During the same period last year, the company posted $0.72 EPS. The company earned $650.40 million during the quarter. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts anticipate that A. Schulman Inc. will post $2.41 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Friday, July 15th will be given a $0.205 dividend. The ex-dividend date of this dividend is Wednesday, July 13th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.13%.
Several hedge funds have added to or reduced their stakes in SHLM. California State Teachers Retirement System boosted its stake in A. Schulman by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 54,278 shares of the company’s stock worth $1,663,000 after buying an additional 885 shares during the last quarter. Rhumbline Advisers boosted its stake in A. Schulman by 4.2% in the fourth quarter. Rhumbline Advisers now owns 40,970 shares of the company’s stock worth $1,255,000 after buying an additional 1,650 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in A. Schulman by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 212,920 shares of the company’s stock worth $6,524,000 after buying an additional 1,911 shares during the last quarter. California Public Employees Retirement System boosted its stake in A. Schulman by 2.2% in the fourth quarter. California Public Employees Retirement System now owns 95,477 shares of the company’s stock worth $2,925,000 after buying an additional 2,100 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in A. Schulman by 8.8% in the fourth quarter. Bank of Montreal Can now owns 58,045 shares of the company’s stock worth $1,779,000 after buying an additional 4,675 shares during the last quarter.
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.
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