Stepan (SCL) Receiving Somewhat Favorable News Coverage, Report Finds
Press coverage about Stepan (NYSE:SCL) has been trending somewhat positive on Saturday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Stepan earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.4081484870985 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Stepan Company (NYSE:SCL) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Stepan Co. – Value Analysis (NYSE:SCL) : August 12, 2017 (finance.yahoo.com)
- Stepan Company (SCL) Director Sells $713,632.50 in Stock (americanbankingnews.com)
- Analyzing Kraton Corporation (KRA) & Stepan (NYSE:SCL) (americanbankingnews.com)
- Cabot Corporation (CBT) vs. Stepan (NYSE:SCL) Financial Comparison (americanbankingnews.com)
Shares of Stepan (NYSE SCL) traded down 0.08% during midday trading on Friday, hitting $78.91. 97,652 shares of the stock were exchanged. The firm’s 50-day moving average is $85.63 and its 200-day moving average is $82.08. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 20.54 and a beta of 1.26. Stepan has a 12 month low of $66.61 and a 12 month high of $92.97.
Stepan (NYSE:SCL) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $1.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by $0.02. The firm had revenue of $495.10 million for the quarter, compared to analyst estimates of $472.35 million. Stepan had a net margin of 4.85% and a return on equity of 14.95%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.31 EPS. Equities research analysts predict that Stepan will post $4.58 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.82 annualized dividend and a yield of 1.04%. Stepan’s dividend payout ratio is presently 21.52%.
SCL has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Stepan from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Industrial Alliance Securities upgraded shares of Stepan from a “buy” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a report on Monday, May 29th. ValuEngine upgraded shares of Stepan from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Stepan from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Finally, National Bank Financial decreased their price objective on shares of Stepan from $40.00 to $27.00 and set a “sector perform” rating for the company in a report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Stepan presently has an average rating of “Hold” and a consensus target price of $53.00.
In related news, Director F Quinn Stepan sold 8,865 shares of the firm’s stock in a transaction 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 sale, the director now owns 287,962 shares in the company, valued at $23,180,941. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 13.10% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Stepan Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stepan Company and related companies with Analyst Ratings Network's FREE daily email newsletter.