A. Schulman, Inc. (NASDAQ:SHLM) – Stock analysts at SunTrust Banks issued their Q1 2018 earnings per share estimates for shares of A. Schulman in a research note issued to investors on Sunday. SunTrust Banks analyst J. Freuchtel forecasts 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 objective 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 released its earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.11. The firm had revenue of $674.60 million for the quarter, compared to analyst estimates of $639.10 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. A. Schulman’s revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 earnings per share.
A. Schulman (NASDAQ SHLM) traded up $1.00 during trading hours on Wednesday, reaching $38.90. The company had a trading volume of 335,800 shares, compared to its average volume of 245,200. The firm has a market capitalization of $1,120.00, a price-to-earnings ratio of 45.23, a P/E/G ratio of 1.92 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 company has a current ratio of 1.68, a quick ratio of 1.09 and a debt-to-equity ratio of 4.28.
Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of A. Schulman during the 3rd quarter valued at about $111,000. PNC Financial Services Group Inc. lifted its holdings in A. Schulman by 1.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 50 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in A. Schulman in the 3rd quarter worth approximately $202,000. Piedmont Investment Advisors LLC acquired a new stake in A. Schulman in the 2nd quarter worth approximately $204,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in A. Schulman in the 3rd quarter worth approximately $205,000. 78.94% of the stock is currently owned by hedge funds and other institutional investors.
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 2.11%. A. Schulman’s dividend payout ratio is currently 95.35%.
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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