A. Schulman, Inc. (NASDAQ:SHLM) – Investment analysts at Gabelli decreased their FY2019 EPS estimates for A. Schulman in a research note issued to investors on Monday. Gabelli analyst R. Morbelli now anticipates that the basic materials company will earn $2.45 per share for the year, down from their prior estimate of $2.75. Gabelli also issued estimates for A. Schulman’s FY2020 earnings at $2.85 EPS.
A. Schulman (NASDAQ:SHLM) last issued its earnings results on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $645.80 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company posted $0.79 earnings per share.
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A number of other equities research analysts have also weighed in on SHLM. Zacks Investment Research lowered A. Schulman from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. BidaskClub raised A. Schulman from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $33.00.
A. Schulman (NASDAQ SHLM) traded down 2.33% during trading on Tuesday, hitting $25.15. 285,594 shares of the stock traded hands. The stock’s market cap is $739.91 million. The company has a 50-day moving average price of $29.68 and a 200 day moving average price of $31.36. A. Schulman has a one year low of $19.58 and a one year high of $37.70.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Wednesday, July 12th. A. Schulman’s dividend payout ratio (DPR) is presently -6.56%.
Several large investors have recently added to or reduced their stakes in SHLM. State Board of Administration of Florida Retirement System raised its stake in A. Schulman by 18.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 25,741 shares of the basic materials company’s stock worth $861,000 after buying an additional 3,928 shares during the period. State Street Corp raised its stake in A. Schulman by 8.3% in the fourth quarter. State Street Corp now owns 634,835 shares of the basic materials company’s stock worth $21,236,000 after buying an additional 48,740 shares during the period. Renaissance Technologies LLC bought a new stake in A. Schulman during the fourth quarter worth $975,000. Thrivent Financial for Lutherans raised its stake in A. Schulman by 6.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,850 shares of the basic materials company’s stock worth $530,000 after buying an additional 1,000 shares during the period. Finally, Norges Bank bought a new stake in A. Schulman during the fourth quarter worth $13,181,000. 87.95% of the stock is owned by institutional investors.
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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