Stepan Company (SCL) Set to Announce Quarterly Earnings on Monday
Stepan Company (NYSE:SCL) is set to issue its quarterly earnings data 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 issued its quarterly earnings data on Wednesday, July 26th. The basic materials company reported $1.32 earnings per share 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 firm had revenue of $495.10 million during the quarter, compared to analyst estimates of $472.35 million. During the same period in the previous year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, analysts expect Stepan to post $4.53 EPS for the current fiscal year and $5.14 EPS for the next fiscal year.
Stepan Company (NYSE SCL) opened at 86.85 on Monday. The firm has a market capitalization of $1.96 billion, a PE ratio of 22.61 and a beta of 1.28. The company’s 50-day moving average price is $80.64 and its 200 day moving average price is $82.95. Stepan Company has a 1-year low of $67.85 and a 1-year high of $92.97.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, August 29th. Stepan’s dividend payout ratio (DPR) is presently 21.52%.
In other news, Director F Quinn Stepan sold 8,865 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $80.50, for a total transaction of $713,632.50. Following the completion of the sale, the director now directly owns 287,962 shares in the company, valued at $23,180,941. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott R. Behrens sold 667 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were 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 of the company’s stock, valued at $253,572.24. The disclosure for this sale can be found here. Insiders have sold 29,404 shares of company stock valued at $2,343,492 over the last 90 days. Insiders own 13.10% of the company’s stock.
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Several research firms have commented on SCL. Zacks Investment Research lowered Stepan from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. BidaskClub lowered Stepan from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. National Bank Financial cut their price objective on Stepan from $40.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Monday, June 26th. TD Securities restated a “buy” rating and set a $33.00 target price on shares of Stepan in a research note on Sunday, September 24th. Finally, BMO Capital Markets lowered their target price on Stepan from $42.00 to $36.00 in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $34.25.
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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