$0.45 Earnings Per Share Expected for A. Schulman, Inc. (SHLM) This Quarter
Equities analysts expect A. Schulman, Inc. (NASDAQ:SHLM) to report earnings per share of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for A. Schulman’s earnings, with estimates ranging from $0.40 to $0.49. A. Schulman posted earnings per share of $0.49 during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.2%. The company is scheduled to report its next quarterly earnings results on Monday, January 8th.
On average, analysts expect that A. Schulman will report full-year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.10. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.61 per share, with EPS estimates ranging from $2.45 to $2.77. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow A. Schulman.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. The business had revenue of $646.65 million during the quarter, compared to analysts’ expectations of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share.
Several research analysts have recently weighed in on the company. TheStreet upgraded A. Schulman from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. ValuEngine cut A. Schulman from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research cut A. Schulman from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. SunTrust Banks, Inc. restated a “hold” rating on shares of A. Schulman in a research note on Friday, October 27th. Finally, BidaskClub upgraded A. Schulman from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. A. Schulman currently has an average rating of “Buy” and an average price target of $39.00.
A number of institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position 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 valued at $156,000 after acquiring an additional 50 shares during the last quarter. Texas Permanent School Fund increased its position in A. Schulman by 0.8% during the second quarter. Texas Permanent School Fund now owns 21,486 shares of the basic materials company’s stock valued at $688,000 after acquiring an additional 179 shares during the last quarter. Gamco Investors INC. ET AL increased its position in A. Schulman by 2.3% during the second quarter. Gamco Investors INC. ET AL now owns 18,000 shares of the basic materials company’s stock valued at $576,000 after acquiring an additional 400 shares during the last quarter. KCG Holdings Inc. increased its position in A. Schulman by 5.8% during the first quarter. KCG Holdings Inc. now owns 7,776 shares of the basic materials company’s stock valued at $245,000 after acquiring an additional 424 shares during the last quarter. Finally, US Bancorp DE increased its position 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 valued at $111,000 after acquiring an additional 661 shares during the last quarter. Institutional investors own 76.64% of the company’s stock.
Shares of A. Schulman (NASDAQ:SHLM) traded down $0.15 during trading hours on Thursday, reaching $37.85. The company’s stock had a trading volume of 123,300 shares, compared to its average volume of 266,152. The stock has a market capitalization of $1,121.00, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.87 and a beta of 1.60. A. Schulman has a 1-year low of $25.00 and a 1-year high of $39.85. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 24th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Monday, October 23rd. A. Schulman’s dividend payout ratio (DPR) is presently 94.25%.
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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