$0.45 Earnings Per Share Expected for A. Schulman, Inc. (SHLM) This Quarter
Wall Street brokerages expect A. Schulman, Inc. (NASDAQ:SHLM) to post earnings per share of $0.45 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for A. Schulman’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.49. A. Schulman posted earnings per share of $0.49 in the same quarter last year, which would suggest a negative year over year growth rate of 8.2%. The company is scheduled to report its next quarterly earnings report on Monday, January 8th.
According to Zacks, analysts expect that A. Schulman will report full year earnings of $2.07 per share for the current financial year, with EPS estimates ranging from $2.02 to $2.10. For the next year, analysts anticipate that the firm will report earnings of $2.61 per share, with EPS estimates ranging from $2.45 to $2.77. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for A. Schulman.
A. Schulman (NASDAQ:SHLM) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The firm had revenue of $646.65 million for the quarter, compared to analysts’ expectations of $624.91 million. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS.
Several research firms have weighed in on SHLM. ValuEngine cut shares of A. Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research cut shares of A. Schulman from a “hold” rating to a “strong sell” rating in a report on Thursday, August 24th. Longbow Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, August 25th. BidaskClub cut shares of A. Schulman from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Finally, TheStreet cut shares of A. Schulman from a “b-” rating to a “c+” rating in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. A. Schulman has a consensus rating of “Hold” and a consensus target price of $39.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of A. Schulman during the third quarter worth approximately $111,000. US Bancorp DE increased its holdings in shares of 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 purchasing an additional 661 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of 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 purchasing an additional 50 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of A. Schulman during the third quarter worth approximately $202,000. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of A. Schulman during the third quarter worth approximately $205,000. 79.15% of the stock is currently owned by institutional investors.
A. Schulman (NASDAQ SHLM) traded down $1.25 during trading on Monday, reaching $35.45. 336,592 shares of the company’s stock traded hands, compared to its average volume of 259,326. The company has a market cap of $1,073.80, a PE ratio of 20.80, a P/E/G ratio of 1.79 and a beta of 1.57. 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 52-week low of $25.00 and a 52-week high of $39.85.
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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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