Stepan Company (SCL) Scheduled to Post Quarterly Earnings on Wednesday
Stepan Company (NYSE:SCL) will announce its earnings results before the market opens on Wednesday, October 25th. Analysts expect the company to announce earnings of $1.10 per share for the quarter.
Stepan (NYSE:SCL) last posted its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $1.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.02). Stepan had a net margin of 4.85% and a return on equity of 14.95%. The business had revenue of $495.10 million during the quarter, compared to the consensus estimate of $472.35 million. During the same period in the prior year, the firm earned $1.31 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts expect Stepan to post $4.51 EPS for the current fiscal year and $5.13 EPS for the next fiscal year.
Shares of Stepan Company (NYSE:SCL) traded up 0.03% during mid-day trading on Monday, hitting $86.86. 13,010 shares of the stock were exchanged. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 22.61 and a beta of 1.28. The stock’s 50-day moving average is $83.67 and its 200-day moving average is $83.64. Stepan Company has a 52 week low of $67.85 and a 52 week high of $92.97.
A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of Stepan from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered shares of Stepan from a “hold” rating to a “sell” rating in a research report on Friday. TD Securities restated a “buy” rating and issued a $33.00 price objective on shares of Stepan in a research report on Sunday, September 24th. BMO Capital Markets cut their price objective on shares of Stepan from $42.00 to $36.00 in a research report on Monday, August 14th. Finally, National Bank Financial cut their price objective on shares of Stepan from $40.00 to $27.00 and set a “sector perform” rating for the company in a research report on Monday, June 26th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Stepan has a consensus rating of “Hold” and a consensus target price of $36.25.
In other news, VP Frank Pacholec sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $79.33, for a total value of $79,330.00. Following the completion of the transaction, the vice president now directly owns 49,514 shares in the company, valued at $3,927,945.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Ross Boyce sold 872 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $77.00, for a total transaction of $67,144.00. Following the completion of the transaction, the director now owns 12,026 shares of the company’s stock, valued at $926,002. The disclosure for this sale can be found here. Insiders sold 29,404 shares of company stock valued at $2,343,492 over the last 90 days. 13.10% of the stock is owned by company insiders.
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.
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