A number of other research firms also recently weighed in on SHLM. SunTrust Banks upped their target price on A. Schulman from $32.00 to $37.00 and gave the stock a hold rating in a research report on Monday. Zacks Investment Research downgraded A. Schulman from a hold rating to a sell rating in a research report on Wednesday, October 11th. BidaskClub upgraded A. Schulman from a sell rating to a hold rating in a research report on Thursday, December 21st. Finally, ValuEngine downgraded A. Schulman from a buy rating to a hold rating in a research report on Tuesday, November 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. A. Schulman presently has a consensus rating of Hold and a consensus target price of $38.33.
Shares of A. Schulman (NASDAQ SHLM) traded up $1.00 during mid-day trading on Tuesday, reaching $39.90. The company had a trading volume of 201,656 shares, compared to its average volume of 239,757. A. Schulman has a 1-year low of $25.00 and a 1-year high of $40.95. The company has a market cap of $1,120.00, a price-to-earnings ratio of 46.40, a price-to-earnings-growth ratio of 1.92 and a beta of 1.58. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.68 and a quick ratio of 1.09.
A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings data on Monday, January 8th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.11. The business had revenue of $674.60 million during the quarter, compared to analyst estimates of $639.10 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. sell-side analysts forecast that A. Schulman will post 2.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be given a $0.205 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.82 dividend on an annualized basis and a yield of 2.06%. A. Schulman’s dividend payout ratio (DPR) is 95.35%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHLM. Beach Investment Management LLC. acquired a new stake in shares of A. Schulman during the 2nd quarter valued at $355,000. Schwab Charles Investment Management Inc. lifted its position in shares of A. Schulman by 21.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 346,099 shares of the basic materials company’s stock valued at $11,076,000 after acquiring an additional 60,616 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of A. Schulman during the 2nd quarter valued at $471,000. Legal & General Group Plc lifted its position in shares of A. Schulman by 8.9% during the 2nd quarter. Legal & General Group Plc now owns 57,654 shares of the basic materials company’s stock valued at $1,840,000 after acquiring an additional 4,702 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of A. Schulman by 38.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,899 shares of the basic materials company’s stock valued at $381,000 after acquiring an additional 3,323 shares during the last quarter. Hedge funds and other institutional investors own 78.94% of the company’s stock.
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.
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