A. Schulman, Inc. (NASDAQ:SHLM) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.03, RTT News reports. The company had revenue of $645.80 million during the quarter, compared to analyst estimates of $619.54 million. A. Schulman had a negative net margin of 14.76% and a positive return on equity of 24.36%. A. Schulman’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share.
A. Schulman (NASDAQ SHLM) traded up 2.91% during trading on Wednesday, hitting $28.30. The stock had a trading volume of 638,214 shares. The company has a 50-day moving average of $29.58 and a 200-day moving average of $32.08. The stock’s market capitalization is $831.82 million. A. Schulman has a 52 week low of $19.58 and a 52 week high of $37.70.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Friday, July 14th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.90%. A. Schulman’s dividend payout ratio (DPR) is currently -6.59%.
Separately, Zacks Investment Research raised A. Schulman from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. A. Schulman presently has a consensus rating of “Hold” and an average target price of $33.00.
In other news, SVP Gustavo S. Perez sold 6,468 shares of the firm’s stock in a transaction on Monday, April 10th. The stock was sold at an average price of $29.78, for a total value of $192,617.04. Following the completion of the transaction, the senior vice president now directly owns 37,492 shares of the company’s stock, valued at $1,116,511.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.08% of the stock is owned by company insiders.
An institutional investor recently raised its position in A. Schulman stock. State Street Corp increased its position in A. Schulman, Inc. (NASDAQ:SHLM) by 7.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,525 shares of the basic materials company’s stock after buying an additional 44,690 shares during the period. State Street Corp owned 2.31% of A. Schulman worth $21,367,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 88.52% of the company’s stock.
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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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