A Schulman Inc (NASDAQ:SHLM) – Equities research analysts at Seaport Global Securities increased their Q2 2018 earnings per share (EPS) estimates for shares of A Schulman in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $0.31 for the quarter, up from their prior forecast of $0.24. Seaport Global Securities also issued estimates for A Schulman’s Q3 2018 earnings at $0.67 EPS and Q4 2018 earnings at $0.64 EPS.
SHLM has been the topic of several other reports. Zacks Investment Research lowered shares of A Schulman from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. TheStreet lowered shares of A Schulman from a “b-” rating to a “c+” rating in a research note on Wednesday, December 6th. BidaskClub upgraded shares of A Schulman from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Finally, SunTrust Banks upped their price target on shares of A Schulman from $32.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, January 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.67.
A Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.11. The company had revenue of $674.60 million for the quarter, compared to analyst estimates of $639.10 million. A Schulman had a net margin of 2.24% and a return on equity of 63.61%. A Schulman’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in A Schulman by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock valued at $92,346,000 after buying an additional 231,248 shares during the last quarter. Northern Trust Corp grew its stake in A Schulman by 3.8% in the 2nd quarter. Northern Trust Corp now owns 889,569 shares of the basic materials company’s stock valued at $28,467,000 after buying an additional 32,566 shares during the last quarter. State Street Corp grew its stake in A Schulman by 3.5% in the 2nd quarter. State Street Corp now owns 703,408 shares of the basic materials company’s stock valued at $22,506,000 after buying an additional 23,883 shares during the last quarter. Ameriprise Financial Inc. grew its stake in A Schulman by 67.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 393,323 shares of the basic materials company’s stock valued at $12,588,000 after buying an additional 158,095 shares during the last quarter. Finally, Numeric Investors LLC grew its stake in A Schulman by 25.7% in the 2nd quarter. Numeric Investors LLC now owns 362,155 shares of the basic materials company’s stock valued at $11,589,000 after buying an additional 74,000 shares during the last quarter. Institutional investors and hedge funds own 78.94% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 15th will be paid a $0.205 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.82 dividend on an annualized basis and a yield of 2.09%. A Schulman’s dividend payout ratio (DPR) is currently 65.08%.
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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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