BidaskClub Lowers A. Schulman, Inc. (SHLM) to Strong Sell

BidaskClub cut shares of A. Schulman, Inc. (NASDAQ:SHLM) from a sell rating to a strong sell rating in a report released on Friday morning.

Separately, Zacks Investment Research raised shares of A. Schulman from a sell rating to a hold rating in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $33.00.

Shares of A. Schulman (NASDAQ:SHLM) traded down 4.01% during midday trading on Friday, hitting $26.35. 166,822 shares of the stock were exchanged. The firm’s market cap is $775.22 million. The firm’s 50-day moving average is $29.13 and its 200 day moving average is $31.04. A. Schulman has a 52-week low of $19.58 and a 52-week high of $37.70.

A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by $0.02. The firm had revenue of $645.80 million for the quarter, compared to analysts’ expectations of $619.54 million. A. Schulman had a positive return on equity of 35.64% and a negative net margin of 14.86%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 earnings per share. On average, analysts forecast that A. Schulman will post $1.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.82 annualized dividend and a dividend yield of 2.99%. A. Schulman’s dividend payout ratio (DPR) is -6.56%.

Several hedge funds have recently added to or reduced their stakes in SHLM. State of Alaska Department of Revenue increased its stake in A. Schulman by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the basic materials company’s stock valued at $102,000 after buying an additional 90 shares during the period. US Bancorp DE increased its stake in A. Schulman by 23.4% in the second quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock valued at $111,000 after buying an additional 661 shares during the period. Dubuque Bank & Trust Co. acquired a new stake in A. Schulman during the first quarter valued at $209,000. Mason Street Advisors LLC increased its stake in A. Schulman by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,882 shares of the basic materials company’s stock valued at $216,000 after buying an additional 471 shares during the period. Finally, Miles Capital Inc. increased its stake in A. Schulman by 0.3% in the first quarter. Miles Capital Inc. now owns 7,094 shares of the basic materials company’s stock valued at $223,000 after buying an additional 22 shares during the period. Institutional investors and hedge funds own 88.27% of the company’s stock.

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.