A. Schulman, Inc. (SHLM) Expected to Post Quarterly Sales of $616.01 Million

Wall Street analysts expect A. Schulman, Inc. (NASDAQ:SHLM) to post sales of $616.01 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for A. Schulman’s earnings. The highest sales estimate is $618.12 million and the lowest is $613.90 million. A. Schulman posted sales of $650.44 million during the same quarter last year, which would suggest a negative year over year growth rate of 5.3%. The firm is expected to announce its next earnings report after the market closes on Wednesday, June 28th.

On average, analysts expect that A. Schulman will report full-year sales of $616.01 million for the current fiscal year, with estimates ranging from $2.39 billion to $2.42 billion. For the next financial year, analysts expect that the company will post sales of $2.47 billion per share, with estimates ranging from $2.45 billion to $2.49 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover A. Schulman.

A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Tuesday, April 4th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. A. Schulman had a positive return on equity of 24.36% and a negative net margin of 14.76%. The business had revenue of $568.70 million during the quarter, compared to analyst estimates of $574.41 million. During the same quarter in the prior year, the business posted $0.31 EPS. A. Schulman’s revenue for the quarter was down 3.9% compared to the same quarter last year.

Separately, Zacks Investment Research cut shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. A. Schulman has an average rating of “Hold” and an average price target of $33.00.

Shares of A. Schulman (NASDAQ SHLM) traded down 0.68% during midday trading on Friday, reaching $29.00. The company’s stock had a trading volume of 101,729 shares. A. Schulman has a 12-month low of $19.58 and a 12-month high of $37.70. The stock has a 50-day moving average of $29.65 and a 200 day moving average of $32.10. The firm’s market capitalization is $852.40 million.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th will be paid a dividend of $0.205 per share. The ex-dividend date is Wednesday, July 12th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.81%. A. Schulman’s dividend payout ratio is currently -6.59%.

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In related news, SVP Gustavo S. Perez sold 6,468 shares of the company’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $29.78, for a total transaction of $192,617.04. Following the completion of the sale, the senior vice president now owns 37,492 shares of the company’s stock, valued at approximately $1,116,511.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.08% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Ironwood Investment Management LLC boosted its stake in shares of A. Schulman by 0.5% in the first quarter. Ironwood Investment Management LLC now owns 39,645 shares of the basic materials company’s stock valued at $1,247,000 after buying an additional 195 shares in the last quarter. Highbridge Capital Management LLC boosted its stake in shares of A. Schulman by 121.9% in the first quarter. Highbridge Capital Management LLC now owns 49,038 shares of the basic materials company’s stock valued at $1,542,000 after buying an additional 26,936 shares in the last quarter. State Street Corp boosted its stake in shares of A. Schulman by 7.0% in the first quarter. State Street Corp now owns 679,525 shares of the basic materials company’s stock valued at $21,367,000 after buying an additional 44,690 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of A. Schulman by 1.4% in the first quarter. Bank of America Corp DE now owns 206,895 shares of the basic materials company’s stock valued at $6,507,000 after buying an additional 2,849 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of A. Schulman by 30.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 285,483 shares of the basic materials company’s stock valued at $8,979,000 after buying an additional 65,960 shares in the last quarter. 88.52% of the stock is owned by institutional investors.

A. Schulman Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SHLM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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