A. Schulman (SHLM) Issues Earnings Results, Beats Expectations By $0.11 EPS

A. Schulman (NASDAQ:SHLM) announced its quarterly earnings data on Monday. The basic materials company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11, Briefing.com reports. A. Schulman had a net margin of 1.35% and a return on equity of 31.20%. The company had revenue of $674.60 million during the quarter, compared to analyst estimates of $639.10 million. During the same quarter last year, the business posted $0.49 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. A. Schulman updated its FY18 guidance to $2.00-$2.22 EPS.

Shares of A. Schulman (NASDAQ:SHLM) traded down $0.20 during trading on Monday, hitting $38.90. 326,200 shares of the stock were exchanged, compared to its average volume of 168,316. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.09 and a current ratio of 1.68. A. Schulman has a 52-week low of $25.00 and a 52-week high of $39.85. The stock has a market cap of $1,150.00, a P/E ratio of 45.23, a P/E/G ratio of 1.92 and a beta of 1.58.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be issued a $0.205 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.82 annualized dividend and a dividend yield of 2.11%. A. Schulman’s dividend payout ratio is currently 95.35%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. SunTrust Banks boosted their price target on shares of A. Schulman from $32.00 to $37.00 and gave the company a “hold” rating in a report on Monday. BidaskClub upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. ValuEngine lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, TheStreet upgraded shares of A. Schulman from a “c-” rating to a “b-” rating in a report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.33.

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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.

Earnings History for A. Schulman (NASDAQ:SHLM)

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