Stepan Company (SCL) Scheduled to Post Quarterly Earnings on Wednesday
Stepan Company (NYSE:SCL) is scheduled to be announcing its earnings results before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $1.34 per share for the quarter.
Stepan (NYSE:SCL) last issued its earnings results on Tuesday, April 25th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.17. The business had revenue of $468.30 million for the quarter, compared to analyst estimates of $461.70 million. Stepan had a net margin of 4.95% and a return on equity of 15.34%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.29 EPS. On average, analysts expect Stepan to post $4.64 EPS for the current fiscal year and $5.20 EPS for the next fiscal year.
Shares of Stepan Company (NYSE SCL) opened at 87.73 on Wednesday. Stepan Company has a 52 week low of $61.36 and a 52 week high of $90.66. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 22.58 and a beta of 1.28. The stock has a 50 day moving average of $87.47 and a 200-day moving average of $81.65.
In related news, Chairman F Quinn Stepan, Jr. sold 14,348 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $85.44, for a total transaction of $1,225,893.12. Following the completion of the sale, the chairman now owns 145,919 shares in the company, valued at approximately $12,467,319.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frank Pacholec sold 4,000 shares of the stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $86.63, for a total transaction of $346,520.00. Following the sale, the vice president now owns 51,438 shares of the company’s stock, valued at approximately $4,456,073.94. The disclosure for this sale can be found here. Insiders have sold a total of 47,932 shares of company stock valued at $4,107,222 in the last quarter. 13.10% of the stock is currently owned by corporate insiders.
A number of research firms have recently commented on SCL. Zacks Investment Research raised shares of Stepan from a “sell” rating to a “hold” rating in a report on Friday, March 31st. National Bank Financial reduced 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. BidaskClub raised shares of Stepan from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. ValuEngine raised shares of Stepan from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Industrial Alliance Securities raised 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. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Stepan has an average rating of “Buy” and an average target price of $53.00.
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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