A Schulman Inc (SHLM) was Downgraded by Longbow to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Longbow advised their investors in a research report released on Aug 11, 2016.
On the company’s financial health, A Schulman Inc reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 28, 2016. Analyst had a consensus of $0.78. The company had revenue of $650.44 million for the quarter, 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 opened for trading at $29.85 and hit $30.02 on the upside on Monday, eventually ending the session at $29.94, with a gain of 0.60% or 0.18 points. The heightened volatility saw the trading volume jump to 1,37,207 shares. Company has a market cap of $881 M.
In a different news, on Aug 3, 2016, Patricia M. Mishic (Former EVP-Chief Marketing) sold 1,500 shares at $25.03 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.