SunTrust Banks Analysts Decrease Earnings Estimates for A. Schulman, Inc. (NASDAQ:SHLM)

A. Schulman, Inc. (NASDAQ:SHLM) – Equities researchers at SunTrust Banks dropped their FY2017 earnings estimates for shares of A. Schulman in a note issued to investors on Monday. SunTrust Banks analyst J. Freuchtel now anticipates that the basic materials company will post earnings per share of $2.07 for the year, down from their previous estimate of $2.09. SunTrust Banks also issued estimates for A. Schulman’s Q4 2017 earnings at $0.64 EPS, Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.55 EPS and FY2018 earnings at $2.72 EPS.

A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $645.80 million during the quarter, compared to analyst estimates of $619.54 million. A. Schulman had a positive return on equity of 35.64% and a negative net margin of 14.86%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS.

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SHLM has been the subject of several other research reports. Zacks Investment Research upgraded shares of A. Schulman from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. BidaskClub upgraded shares of A. Schulman from a “strong sell” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. A. Schulman presently has a consensus rating of “Hold” and an average target price of $33.00.

A. Schulman (NASDAQ:SHLM) traded up 0.728% during mid-day trading on Wednesday, hitting $31.125. 18,901 shares of the stock were exchanged. The company has a 50-day moving average price of $29.16 and a 200-day moving average price of $31.76. The company’s market cap is $915.70 million. A. Schulman has a one year low of $19.58 and a one year high of $37.70.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, July 12th. A. Schulman’s payout ratio is currently -6.56%.

A number of institutional investors have recently made changes to their positions in the company. Miles Capital Inc. boosted its position in shares of A. Schulman by 0.3% in the first quarter. Miles Capital Inc. now owns 7,094 shares of the basic materials company’s stock worth $223,000 after buying an additional 22 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of A. Schulman by 0.3% in the first quarter. Fifth Third Bancorp now owns 13,272 shares of the basic materials company’s stock worth $417,000 after buying an additional 46 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of A. Schulman by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the basic materials company’s stock worth $102,000 after buying an additional 90 shares during the last quarter. Ironwood Investment Management LLC boosted its position 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 worth $1,247,000 after buying an additional 195 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of A. Schulman by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the basic materials company’s stock worth $377,000 after buying an additional 200 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.

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.

Earnings History and Estimates for A. Schulman (NASDAQ:SHLM)

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