SunTrust Banks Weighs in on A Schulman Inc’s Q1 2018 Earnings (NASDAQ:SHLM)

A Schulman Inc (NASDAQ:SHLM) – Research analysts at SunTrust Banks issued their Q1 2018 EPS estimates for shares of A Schulman in a research report issued on Sunday, according to Zacks Investment Research. SunTrust Banks analyst J. Freuchtel expects that the basic materials company will post earnings per share of $0.47 for the quarter. SunTrust Banks has a “Hold” rating and a $37.00 price target on the stock. SunTrust Banks also issued estimates for A Schulman’s Q2 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.23 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.75 EPS and Q4 2019 earnings at $0.67 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 for the quarter, beating the consensus estimate of $0.44 by $0.11. The firm had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $639.10 million. A Schulman had a net margin of 1.78% and a return on equity of 28.45%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of A Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research report on Saturday, October 21st. TheStreet cut shares of A Schulman from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. BidaskClub cut shares of A Schulman from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Finally, ValuEngine cut shares of A Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $39.67.

Shares of A Schulman (NASDAQ SHLM) traded up $0.90 during mid-day trading on Wednesday, hitting $39.20. 130,100 shares of the stock traded hands, compared to its average volume of 213,609. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.98 and a current ratio of 1.61. The firm has a market cap of $1,129.90, a PE ratio of 31.11, a price-to-earnings-growth ratio of 1.84 and a beta of 1.58. A Schulman has a 1 year low of $25.00 and a 1 year high of $40.95.

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 given 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 payout ratio is currently 65.08%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in A Schulman in the third quarter valued at about $111,000. PNC Financial Services Group Inc. lifted its position in A Schulman by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock valued at $156,000 after buying an additional 50 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in A Schulman in the third quarter valued at about $202,000. NJ State Employees Deferred Compensation Plan acquired a new position in A Schulman in the third quarter valued at about $205,000. Finally, Piedmont Investment Advisors LLC acquired a new position in A Schulman in the second quarter valued at about $204,000. 78.94% of the stock is currently owned by institutional investors.

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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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