Stepan Company (SCL) Set to Announce Quarterly Earnings on Monday
Stepan Company (NYSE:SCL) is set to announce its earnings results before the market opens on Monday, October 16th. Analysts expect the company to announce earnings of $1.15 per share for the quarter.
Stepan (NYSE:SCL) last announced its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $1.32 EPS for the quarter, missing the 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 company had revenue of $495.10 million for the quarter, compared to analyst estimates of $472.35 million. During the same quarter last year, the business earned $1.31 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts expect Stepan to post $4.58 EPS for the current fiscal year and $5.17 EPS for the next fiscal year.
Stepan Company (SCL) opened at 88.51 on Friday. Stepan Company has a one year low of $67.85 and a one year high of $92.97. The firm has a market cap of $1.99 billion, a P/E ratio of 23.04 and a beta of 1.28. The firm’s 50-day moving average price is $82.17 and its 200 day moving average price is $83.30.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, August 29th. Stepan’s dividend payout ratio is currently 21.52%.
A number of brokerages have recently issued reports on SCL. Zacks Investment Research cut Stepan from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. BidaskClub cut Stepan from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. National Bank Financial dropped their price objective on Stepan from $40.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Monday, June 26th. TD Securities reiterated a “buy” rating and set a $33.00 price objective on shares of Stepan in a research note on Sunday, September 24th. Finally, BMO Capital Markets dropped their price objective on Stepan from $42.00 to $36.00 in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.25.
In related news, VP Scott R. Behrens sold 667 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $77.64, for a total value of $51,785.88. Following the sale, the vice president now owns 3,266 shares in the company, valued at approximately $253,572.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Frank Pacholec sold 1,000 shares of the stock in a transaction 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 sale, the vice president now owns 49,514 shares in the company, valued at approximately $3,927,945.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,404 shares of company stock worth $2,343,492. 13.10% of the stock is owned by company insiders.
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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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