A. Schulman, Inc. (NASDAQ:SHLM) – Equities research analysts at Seaport Global Securities lifted their FY2018 EPS estimates for shares of A. Schulman in a research note issued on Thursday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will earn $2.18 per share for the year, up from their previous forecast of $2.02. Seaport Global Securities also issued estimates for A. Schulman’s Q1 2019 earnings at $0.74 EPS, Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $0.77 EPS and FY2019 earnings at $2.83 EPS.
A number of other equities research analysts also recently issued reports 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 objective for the company in a research report on Saturday, October 21st. SunTrust Banks reissued a “hold” rating on shares of A. Schulman in a research report on Friday, October 27th. TheStreet downgraded shares of A. Schulman from a “b-” rating to a “c+” rating in a research report on Wednesday, December 6th. BidaskClub downgraded shares of A. Schulman from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Finally, ValuEngine downgraded shares of A. Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.67.
A. Schulman (NASDAQ:SHLM) last announced its earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11. A. Schulman had a net margin of 1.78% and a return on equity of 28.45%. The business had revenue of $674.60 million during the quarter, compared to analyst estimates of $639.10 million. During the same period in the previous year, the business earned $0.49 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, January 11th. A. Schulman’s payout ratio is 65.08%.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in A. Schulman by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock worth $92,346,000 after buying an additional 231,248 shares during the period. Koch Industries Inc. bought a new position in A. Schulman in the 2nd quarter worth $217,000. Goldman Sachs Group Inc. boosted its holdings in A. Schulman by 294.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 280,629 shares of the basic materials company’s stock worth $8,980,000 after buying an additional 209,446 shares during the period. Gamco Investors INC. ET AL boosted its holdings in A. Schulman by 952.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 189,500 shares of the basic materials company’s stock worth $6,471,000 after buying an additional 171,500 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in A. Schulman by 67.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 393,323 shares of the basic materials company’s stock worth $12,588,000 after buying an additional 158,095 shares during the period. 78.94% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This story was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.com-unik.info/2018/01/13/a-schulman-inc-shlm-expected-to-post-fy2018-earnings-of-2-18-per-share.html.
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.
What are top analysts saying about A. Schulman? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for A. Schulman and related companies.