Stepan Company (NYSE:SCL) – Seaport Global Securities cut their FY2017 earnings estimates for Stepan in a research report issued on Monday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings of $4.36 per share for the year, down from their previous forecast of $4.61. Seaport Global Securities also issued estimates for Stepan’s Q1 2018 earnings at $1.42 EPS, Q2 2018 earnings at $1.39 EPS and Q3 2018 earnings at $1.21 EPS.

Several other brokerages have also commented on SCL. Wellington Shields lowered shares of Stepan from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. National Bank Financial raised shares of Stepan from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $35.00 in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of Stepan from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. TD Securities reaffirmed a “buy” rating and set a $33.00 price target on shares of Stepan in a research report on Sunday, September 24th. Finally, BidaskClub lowered shares of Stepan from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Stepan has an average rating of “Hold” and an average price target of $36.25.

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Stepan (NYSE:SCL) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.17). The company had revenue of $487.81 million for the quarter, compared to analysts’ expectations of $469.75 million. Stepan had a return on equity of 13.98% and a net margin of 4.81%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 EPS.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCL. Victory Capital Management Inc. grew its stake in Stepan by 28.8% during the first quarter. Victory Capital Management Inc. now owns 1,917 shares of the basic materials company’s stock worth $151,000 after buying an additional 429 shares during the period. Teachers Advisors LLC grew its stake in Stepan by 1.0% during the first quarter. Teachers Advisors LLC now owns 63,862 shares of the basic materials company’s stock worth $5,033,000 after buying an additional 610 shares during the period. TIAA CREF Investment Management LLC grew its stake in Stepan by 19.4% during the first quarter. TIAA CREF Investment Management LLC now owns 102,348 shares of the basic materials company’s stock worth $8,066,000 after buying an additional 16,637 shares during the period. Thrivent Financial For Lutherans grew its stake in Stepan by 6.0% during the first quarter. Thrivent Financial For Lutherans now owns 11,010 shares of the basic materials company’s stock worth $868,000 after buying an additional 620 shares during the period. Finally, Vanguard Group Inc. grew its stake in Stepan by 6.3% during the first quarter. Vanguard Group Inc. now owns 2,139,078 shares of the basic materials company’s stock worth $168,580,000 after buying an additional 126,830 shares during the period. Institutional investors own 62.06% of the company’s stock.

In other Stepan news, Director F Quinn Stepan sold 8,865 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $80.50, for a total transaction of $713,632.50. Following the completion of the sale, the director now directly owns 287,962 shares in the company, valued at $23,180,941. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman F Quinn Stepan, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $79.27, for a total transaction of $1,189,050.00. Following the sale, the chairman now owns 151,864 shares of the company’s stock, valued at $12,038,259.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,404 shares of company stock valued at $2,343,492. 13.10% of the stock is owned by insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.225 per share. This is an increase from Stepan’s previous quarterly dividend of $0.21. This represents a $0.90 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 29th. Stepan’s payout ratio is currently 21.24%.

Stepan Company Profile

Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a range of end products. The Company operates through three segments: Surfactants, Polymers and Specialty Products. The Company’s principal markets include manufacturers of cleaning and washing compounds (including detergents, shampoos, fabric softeners, toothpastes and household cleaners), paints, cosmetics, food, beverages, nutritional supplements, agricultural products and plastics.

Earnings History and Estimates for Stepan (NYSE:SCL)

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