A. Schulman Inc. (NASDAQ:SHLM) – Investment analysts at SunTrust Banks dropped their Q1 2017 earnings per share estimates for A. Schulman in a report released on Wednesday. SunTrust Banks analyst J. Freuchtel now expects that the firm will post earnings of $0.64 per share for the quarter, down from their previous forecast of $0.72. SunTrust Banks also issued estimates for A. Schulman’s Q2 2017 earnings at $0.41 EPS, Q3 2017 earnings at $0.78 EPS, Q4 2017 earnings at $0.71 EPS and FY2017 earnings at $2.55 EPS.
A. Schulman (NASDAQ:SHLM) last released its quarterly earnings data on Tuesday, June 28th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. During the same period in the prior year, the business earned $0.72 EPS. The firm earned $650.40 million during the quarter. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year.
SHLM has been the topic of a number of other reports. Zacks Investment Research lowered A. Schulman from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. TheStreet raised A. Schulman from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Finally, Longbow Research raised A. Schulman from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $39.67.
A hedge fund recently raised its stake in A. Schulman stock. California State Teachers Retirement System increased its stake in A. Schulman Inc. (NASDAQ:SHLM) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,278 shares of the company’s stock after buying an additional 885 shares during the period. California State Teachers Retirement System owned approximately 0.19% of A. Schulman worth $1,663,000 at the end of the most recent quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Investors of record on Friday, July 15th will be issued a $0.205 dividend. The ex-dividend date is Wednesday, July 13th. This represents a $0.82 annualized dividend and a dividend yield of 2.81%.
A. Schulman, Inc is a supplier of plastic formulations, resins and services. The Company’s segments include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.
