Revenue Update on A Schulman Inc(NASDAQ:SHLM)

A Schulman Inc(NASDAQ:SHLM) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jun 28, 2016. Company reported revenue of $650.44M. Analysts estimated a revenue of $648.77M. Earnings per share were $0.79. Analysts had estimated an EPS of $0.78.

A Schulman Inc (SHLM) made into the market gainers list on Fridays trading session with the shares advancing 2.21% or 0.54 points. Due to strong positive momentum, the stock ended at $24.96, which is also near the day’s high of $25.11. The stock began the session at $24.36 and the volume stood at 3,38,177 shares. The 52-week high of the shares is $44.37 and the 52 week low is $20.65. The company has a current market capitalization of $735 M and it has 2,94,29,382 shares in outstanding.

A Schulman Inc has also declared a cash dividend of $0.2050 on Jun 21, 2016. The shares will quote ex-dividend on Jul 13, 2016 and the record date has been fixed on Jul 15, 2016. The dividend payable date has been fixed on Aug 1, 2016.

Several Insider Transactions has been reported to the SEC. On Feb 16, 2016, Patricia M. Mishic (EVP – Chief Marketing Officer) purchased 1,500 shares at $23.30 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

A Schulman Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on A Schulman Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.