Stepan Co. (NYSE:SCL) will be posting its Q316 quarterly earnings results on Tuesday, October 18th. Analysts expect Stepan to post earnings of ($0.09) per share and revenue of $219.22 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Stepan (NYSE:SCL) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.14. The business earned $454.60 million during the quarter, compared to the consensus estimate of $453.45 million. Stepan had a net margin of 5.29% and a return on equity of 16.78%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. On average, analysts expect Stepan to post $-0.38 EPS for the current fiscal year and $1.23 EPS for the next fiscal year.
Shares of Stepan Co. (NYSE:SCL) opened at 71.54 on Friday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 17.57 and a beta of 1.17. Stepan Co. has a one year low of $41.42 and a one year high of $74.25. The firm has a 50-day moving average of $71.41 and a 200-day moving average of $63.35.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Monday, August 29th. Stepan’s dividend payout ratio is presently 18.67%.
In other news, VP Gregory Servatius sold 1,000 shares of Stepan stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $62.80, for a total transaction of $62,800.00. Following the completion of the transaction, the vice president now directly owns 24,731 shares in the company, valued at approximately $1,553,106.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Frank Pacholec sold 1,500 shares of Stepan stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $72.00, for a total value of $108,000.00. Following the transaction, the vice president now owns 51,489 shares of the company’s stock, valued at $3,707,208. The disclosure for this sale can be found here. Company insiders own 14.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Stepan by 2.1% in the second quarter. Arizona State Retirement System now owns 9,545 shares of the company’s stock valued at $568,000 after buying an additional 200 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Stepan by 1.5% in the second quarter. AQR Capital Management LLC now owns 55,213 shares of the company’s stock valued at $3,287,000 after buying an additional 793 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Stepan by 31.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,900 shares of the company’s stock valued at $470,000 after buying an additional 1,900 shares in the last quarter. A.R.T. Advisors LLC increased its position in shares of Stepan by 145.3% in the second quarter. A.R.T. Advisors LLC now owns 14,348 shares of the company’s stock valued at $854,000 after buying an additional 8,499 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Stepan by 2.6% in the second quarter. Parametric Portfolio Associates LLC now owns 59,281 shares of the company’s stock valued at $3,529,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.
SCL has been the topic of a number of recent research reports. Zacks Investment Research lowered Stepan from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Seaport Global Securities lifted their target price on Stepan from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, August 24th. National Bank Financial raised Stepan from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $32.00 to $37.00 in a research report on Monday, August 15th. Finally, TD Securities dropped their target price on Stepan from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, August 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $48.60.
Stepan Company Profile
Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The Company has three segments: Surfactants, Polymers and Specialty Products. The Company’s Surfactants segment offers products, which are principal ingredients in consumer and industrial cleaning products, such as detergents for washing clothes, dishes, carpets, floors and walls, as well as shampoos and body washes.
Receive News & Ratings for Stepan Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stepan Co. and related companies with MarketBeat.com's FREE daily email newsletter.