A Schulman Inc (SHLM) reported quarterly earnings results on Tuesday, Jun-28-2016. The company said it had a profit of $0.79 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.78. The company posted revenue of $650.44 million in the period, compared to analysts expectations of $648.72 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
A Schulman Inc closed down -1.07 points or -4.70% at $21.72 with 3,55,090 shares getting traded on Monday. Post opening the session at $22.65, the shares hit an intraday low of $21.62 and an intraday high of $22.72 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Investors should note that on Jun 21, 2016, A Schulman Inc announced a cash dividend of $0.2050. The company’s management has announced Jul 13, 2016 as the ex-dividend date and fixed the record date on Jul 15, 2016. The payable date has been fixed on Aug 1, 2016.
In a different news, on Feb 16, 2016, Patricia M. Mishic (EVP – Chief Marketing Officer) purchased 1,500 shares at $23.30 per share price. According to the SEC, on Feb 3, 2016, Brent Middleton (SVP GM USCAN) purchased 200 shares at $24.66 per share price. On Jan 26, 2016, Propertys Llc Fac (C/E/O) purchased 1,000,000 shares at $23.08 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Company offers powdered pelletized and liquid color concentrates that are designed to enhance thermoplastic resins. The Company’s distribution services offerings include specialty polymers for all processing types including injection molding blow molding thermoforming and film and sheet extruding. 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.