Seaport Global Securities Research Analysts Lift Earnings Estimates for A. Schulman, Inc. (SHLM)
A. Schulman, Inc. (NASDAQ:SHLM) – Seaport Global Securities increased their FY2018 EPS estimates for A. Schulman in a research note issued on Thursday. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will post earnings per share of $2.18 for the year, up from their prior estimate of $2.02. Seaport Global Securities also issued estimates for A. Schulman’s Q1 2019 earnings at $0.74 EPS, Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $0.77 EPS and FY2019 earnings at $2.83 EPS.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share (EPS) 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 analysts’ expectations of $639.10 million. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. A. Schulman’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS.
A number of other brokerages have also recently issued reports on SHLM. SunTrust Banks upped their price target on shares of A. Schulman from $32.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday. Zacks Investment Research cut shares of A. Schulman from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Finally, TheStreet upgraded shares of A. Schulman from a “c-” rating to a “b-” rating in a research note on Tuesday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.33.
Shares of A. Schulman (NASDAQ SHLM) traded up $1.00 during trading on Friday, reaching $39.90. 201,600 shares of the company were exchanged, compared to its average volume of 239,750. The company has a market cap of $1,180.00, a PE ratio of 31.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.58. A. Schulman has a 52 week low of $25.00 and a 52 week high of $40.95. The company has a current ratio of 1.68, a quick ratio of 1.09 and a debt-to-equity ratio of 4.28.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Highbridge Capital Management LLC lifted its stake in A. Schulman by 186.8% during the 3rd quarter. Highbridge Capital Management LLC now owns 102,835 shares of the basic materials company’s stock valued at $3,512,000 after acquiring an additional 66,976 shares during the period. Aureus Asset Management LLC bought a new position in A. Schulman during the 3rd quarter valued at about $331,000. Dynamic Technology Lab Private Ltd bought a new position in A. Schulman during the 3rd quarter valued at about $432,000. Macquarie Group Ltd. bought a new position in A. Schulman during the 3rd quarter valued at about $501,000. Finally, SG Americas Securities LLC bought a new position in A. Schulman during the 3rd quarter valued at about $111,000. Institutional investors and hedge funds own 78.94% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, January 11th. A. Schulman’s dividend payout ratio is currently 65.08%.
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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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