Stepan Company (SCL) to Release Earnings on Wednesday
Stepan Company (NYSE:SCL) is set to post its quarterly earnings results before the market opens on Wednesday, October 25th. Analysts expect Stepan to post earnings of $1.10 per share for the quarter.
Stepan (NYSE:SCL) last announced its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.02). The firm had revenue of $495.10 million during the quarter, compared to the consensus estimate of $472.35 million. Stepan had a return on equity of 14.95% and a net margin of 4.85%. Stepan’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $1.31 EPS. On average, analysts expect Stepan to post $4.53 EPS for the current fiscal year and $5.14 EPS for the next fiscal year.
Shares of Stepan Company (NYSE SCL) opened at 87.77 on Wednesday. Stepan Company has a 52 week low of $67.85 and a 52 week high of $92.97. The stock’s 50 day moving average is $82.32 and its 200-day moving average is $83.38. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 22.85 and a beta of 1.28.
SCL has been the topic of a number of research analyst reports. Wellington Shields cut shares of Stepan from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Stepan from a “sell” rating to a “hold” rating in a report on Saturday, September 16th. BidaskClub cut shares of Stepan from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. National Bank Financial upgraded shares of Stepan from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $27.00 to $35.00 in a report on Wednesday, October 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Stepan in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $36.25.
In other Stepan news, Director Michael Ross Boyce sold 872 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $77.00, for a total transaction of $67,144.00. Following the completion of the sale, the director now directly owns 12,026 shares of the company’s stock, valued at $926,002. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director F Quinn Stepan sold 8,865 shares of the stock in a transaction dated 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 directly owns 287,962 shares of the company’s stock, valued at $23,180,941. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,404 shares of company stock worth $2,343,492. 13.10% of the stock is owned by company insiders.
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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