Northcoast Research Comments on A Schulman Inc’s Q2 2018 Earnings (SHLM)

A Schulman Inc (NASDAQ:SHLM) – Research analysts at Northcoast Research lowered their Q2 2018 earnings per share (EPS) estimates for A Schulman in a research note issued to investors on Wednesday. Northcoast Research analyst K. Hocevar now expects that the basic materials company will earn $0.36 per share for the quarter, down from their prior forecast of $0.39. Northcoast Research also issued estimates for A Schulman’s Q3 2018 earnings at $0.68 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.20 EPS and FY2019 earnings at $2.75 EPS.

A Schulman (NASDAQ:SHLM) last announced its earnings results on Monday, January 8th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11. The company 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 28.45% and a net margin of 1.78%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 earnings per share.

A number of other brokerages have also issued reports on SHLM. SunTrust Banks boosted their target price on A Schulman from $32.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, January 8th. Zacks Investment Research lowered A Schulman from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub raised A Schulman from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, TheStreet raised A Schulman from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.67.

Shares of A Schulman (NASDAQ:SHLM) traded down $0.95 during midday trading on Thursday, reaching $38.25. The company’s stock had a trading volume of 168,600 shares, compared to its average volume of 209,858. The stock has a market capitalization of $1,156.45, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 1.85 and a beta of 1.58. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 4.01. A Schulman has a 52 week low of $25.00 and a 52 week high of $40.95.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of A Schulman during the third quarter worth $111,000. PNC Financial Services Group Inc. increased its position in shares of A Schulman by 1.0% during the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 50 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of A Schulman during the third quarter worth $202,000. Piedmont Investment Advisors LLC purchased a new stake in shares of A Schulman during the second quarter worth $204,000. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in shares of A Schulman during the third quarter worth $205,000. 78.94% of the stock is currently owned by institutional investors and hedge funds.

The business 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 2.14%. The ex-dividend date is Thursday, January 11th. A Schulman’s dividend payout ratio is currently 65.08%.

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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 and Estimates for A Schulman (NASDAQ:SHLM)

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