Stepan (SCL) Earning Somewhat Positive Media Coverage, Report Finds
News headlines about Stepan (NYSE:SCL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stepan earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 44.6003861163541 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Stepan (SCL) opened at $79.51 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.64 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1,802.93, a PE ratio of 20.60 and a beta of 1.29. Stepan has a fifty-two week low of $68.51 and a fifty-two week high of $92.97.
Stepan (NYSE:SCL) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.17). The business had revenue of $487.81 million during the quarter, compared to analysts’ expectations of $469.75 million. Stepan had a net margin of 4.48% and a return on equity of 12.18%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 EPS. equities research analysts forecast that Stepan will post 4.3 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.13%. This is a boost from Stepan’s previous quarterly dividend of $0.21. Stepan’s payout ratio is presently 23.32%.
SCL has been the subject of a number of recent analyst reports. KeyCorp reissued a “hold” rating on shares of Stepan in a report on Friday, September 1st. Zacks Investment Research raised Stepan from a “sell” rating to a “hold” rating in a research note on Saturday, September 16th. TD Securities reaffirmed a “buy” rating and set a $33.00 price target on shares of Stepan in a research note on Sunday, September 24th. National Bank Financial raised Stepan from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $27.00 to $35.00 in a research note on Wednesday, October 11th. Finally, Scotiabank raised Stepan from an “underperform” rating to a “sector perform” rating and set a $32.00 price target for the company in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $35.60.
In related news, VP Debra Stefaniak sold 818 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $82.66, for a total transaction of $67,615.88. Following the transaction, the vice president now directly owns 6,616 shares of the company’s stock, valued at approximately $546,878.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Frank Pacholec sold 832 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $80.55, for a total value of $67,017.60. Following the transaction, the vice president now directly owns 49,429 shares in the company, valued at $3,981,505.95. The disclosure for this sale can be found here. Insiders have sold a total of 2,650 shares of company stock valued at $215,793 in the last quarter. Company insiders own 13.10% of the company’s stock.
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.
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