A. Schulman, Inc. (NASDAQ:SHLM) has been given an average rating of “Hold” by the eight research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $33.00.
A number of research firms recently weighed in on SHLM. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine downgraded A. Schulman from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, BidaskClub downgraded A. Schulman from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.
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A. Schulman (NASDAQ SHLM) traded up 0.57% during trading on Monday, hitting $26.45. 238,006 shares of the company’s stock traded hands. The company’s market cap is $778.16 million. A. Schulman has a 52-week low of $19.58 and a 52-week high of $37.70. The company’s 50 day moving average price is $28.70 and its 200 day moving average price is $30.82.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.02. The firm had revenue of $645.80 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. Analysts expect that A. Schulman will post $1.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th were issued a $0.205 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.10%. A. Schulman’s dividend payout ratio is presently -6.56%.
Several institutional investors have recently modified their holdings of the stock. 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 valued at $102,000 after buying an additional 90 shares during the period. US Bancorp DE boosted its position in shares of A. Schulman by 23.4% in the second quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock valued at $111,000 after buying an additional 661 shares during the period. Dubuque Bank & Trust Co. bought a new position in shares of A. Schulman during the first quarter valued at about $209,000. Mason Street Advisors LLC boosted its position in shares of A. Schulman by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,882 shares of the basic materials company’s stock valued at $216,000 after buying an additional 471 shares during the period. Finally, A.R.T. Advisors LLC acquired a new position in A. Schulman during the fourth quarter worth $230,000. 87.38% of the stock is owned by institutional investors and hedge funds.
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.
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