Today, A. Schulman Inc. to Post Q2 2017 Earnings of $0.33 Per Share, SunTrust Banks Forecasts (SHLM)

Today, A. Schulman Inc. to Post Q2 2017 Earnings of $0.33 Per Share, SunTrust Banks Forecasts (SHLM)
A. Schulman Inc. (NASDAQ:SHLM) – Research analysts at SunTrust Banks cut their Q2 2017 earnings estimates for shares of A. Schulman in a note issued to investors on Tuesday. SunTrust Banks analyst J. Freuchtel now expects that the brokerage will post earnings per share of $0.33 for the quarter, down from their prior estimate of $0.35. SunTrust Banks also issued estimates for A. Schulman’s Q4 2017 earnings at $0.57 EPS, FY2017 earnings at $2.10 EPS, Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.80 EPS and Q4 2018 earnings at $0.75 EPS.

A number of other research analysts have also recently issued reports on SHLM. Longbow Research cut A. Schulman from a “buy” rating to a “neutral” rating in a report on Thursday, August 11th. Gabelli lowered A. Schulman from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Northcoast Research upgraded A. Schulman from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, August 26th. Zacks Investment Research lowered A. Schulman from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 27th. Finally, TheStreet lowered A. Schulman from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $32.50.

Shares of A. Schulman (NASDAQ:SHLM) opened at 33.10 on Friday. The stock’s market capitalization is $971.05 million. A. Schulman has a 1-year low of $19.58 and a 1-year high of $35.31. The firm’s 50-day moving average is $30.13 and its 200-day moving average is $27.18.

A number of hedge funds have recently made changes to their positions in SHLM. Emerald Acquisition Ltd. purchased a new stake in shares of A. Schulman during the second quarter worth approximately $9,860,000. Swiss National Bank raised its stake in shares of A. Schulman by 2.1% in the second quarter. Swiss National Bank now owns 47,900 shares of the company’s stock worth $1,170,000 after buying an additional 1,000 shares during the last quarter. Channing Capital Management LLC raised its stake in shares of A. Schulman by 2.3% in the second quarter. Channing Capital Management LLC now owns 1,351,511 shares of the company’s stock worth $33,004,000 after buying an additional 29,836 shares during the last quarter. ClariVest Asset Management LLC raised its stake in shares of A. Schulman by 7.3% in the second quarter. ClariVest Asset Management LLC now owns 80,979 shares of the company’s stock worth $1,979,000 after buying an additional 5,500 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its stake in shares of A. Schulman by 25.7% in the second quarter. Deprince Race & Zollo Inc. now owns 991,998 shares of the company’s stock worth $24,225,000 after buying an additional 202,796 shares during the last quarter. Hedge funds and other institutional investors own 92.52% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Monday, October 24th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, October 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.48%. A. Schulman’s payout ratio is -6.60%.

A. Schulman Company Profile

Related posts

Leave a Comment