A. Schulman Inc. (NASDAQ:SHLM) – Equities researchers at SunTrust Banks cut their Q2 2017 earnings per share estimates for shares of A. Schulman in a report released on Tuesday. SunTrust Banks analyst J. Freuchtel now forecasts that the brokerage will earn $0.33 per share 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 firms have also commented on SHLM. Gabelli lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. TheStreet downgraded A. Schulman from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Zacks Investment Research downgraded A. Schulman from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st. Seaport Global Securities downgraded A. Schulman from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Thursday, November 17th. Finally, Northcoast Research downgraded A. Schulman from a “buy” rating to a “neutral” rating in a report on Friday, October 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $32.50.
A. Schulman (NASDAQ:SHLM) traded down 2.09% on Friday, hitting $32.85. 38,896 shares of the stock were exchanged. The company’s 50 day moving average price is $29.99 and its 200-day moving average price is $27.13. A. Schulman has a one year low of $19.58 and a one year high of $35.31. The company’s market cap is $963.72 million.
A. Schulman (NASDAQ:SHLM) last posted its earnings results on Wednesday, October 26th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.15. A. Schulman had a negative net margin of 14.31% and a positive return on equity of 13.97%. The business had revenue of $604.60 million for the quarter, compared to analysts’ expectations of $584.92 million. During the same period in the previous year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in SHLM. Teacher Retirement System of Texas increased its position in A. Schulman by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,093 shares of the company’s stock worth $100,000 after buying an additional 503 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in A. Schulman by 18.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,351 shares of the company’s stock worth $106,000 after buying an additional 692 shares in the last quarter. Mason Street Advisors LLC purchased a new position in A. Schulman during the second quarter worth approximately $139,000. PNC Financial Services Group Inc. increased its position in A. Schulman by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 4,995 shares of the company’s stock worth $146,000 after buying an additional 54 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in A. Schulman during the third quarter worth approximately $155,000. 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 issued a $0.205 dividend. The ex-dividend date was Thursday, October 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.44%. A. Schulman’s dividend payout ratio is currently -6.60%.
About A. Schulman