Somewhat Favorable News Coverage Somewhat Unlikely to Impact Stepan (SCL) Stock Price
News coverage about Stepan (NYSE:SCL) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public 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 0.08 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 43.2962194965176 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Stepan (NYSE SCL) opened at $80.07 on Wednesday. The company has a quick ratio of 2.08, a current ratio of 2.64 and a debt-to-equity ratio of 0.38. Stepan has a 1-year low of $68.51 and a 1-year high of $92.97. The company has a market capitalization of $1,846.63, a price-to-earnings ratio of 19.90 and a beta of 1.29.
Stepan (NYSE:SCL) last released its earnings results on Wednesday, October 25th. The basic materials company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.17). Stepan had a return on equity of 13.98% and a net margin of 4.81%. The company had revenue of $487.81 million during the quarter, compared to the consensus estimate of $469.75 million. During the same period last year, the firm posted $1.06 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. sell-side analysts anticipate that Stepan will post 4.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.12%. This is an increase from Stepan’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, November 29th. Stepan’s payout ratio is 23.32%.
Several equities research analysts recently weighed in on SCL shares. BMO Capital Markets reduced their price target on Stepan from $42.00 to $36.00 in a research note on Monday, August 14th. KeyCorp reaffirmed a “hold” rating on shares of Stepan in a research note on Friday, September 1st. Zacks Investment Research raised Stepan from a “sell” rating to a “hold” rating in a research note on Saturday, September 16th. TD Securities reaffirmed a “buy” rating and issued a $33.00 price target on shares of Stepan in a research note on Sunday, September 24th. Finally, National Bank Financial raised Stepan from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $27.00 to $35.00 in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Stepan presently has an average rating of “Hold” and an average target price of $35.60.
In other Stepan news, VP Debra Stefaniak sold 818 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $82.66, for a total value of $67,615.88. Following the sale, the vice president now directly owns 6,616 shares of the company’s stock, valued at $546,878.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Frank Pacholec sold 1,500 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $80.10, for a total value of $120,150.00. Following the completion of the sale, the vice president now directly owns 49,014 shares in the company, valued at $3,926,021.40. The disclosure for this sale can be found here. Insiders sold 5,650 shares of company stock worth $458,343 over the last three months. Corporate insiders own 13.10% of the company’s stock.
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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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