Analysts predict that Stepan (NYSE:SCL) will announce earnings per share of $1.16 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Stepan’s earnings, with the highest EPS estimate coming in at $1.30 and the lowest estimate coming in at $1.05. Stepan reported earnings per share of $1.11 in the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The company is scheduled to issue its next quarterly earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Stepan will report full year earnings of $5.05 per share for the current financial year, with EPS estimates ranging from $5.00 to $5.13. For the next fiscal year, analysts forecast that the business will report earnings of $5.66 per share, with EPS estimates ranging from $5.20 to $5.99. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Stepan.

Stepan (NYSE:SCL) last announced its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.19. Stepan had a return on equity of 14.19% and a net margin of 5.39%. The firm had revenue of $473.00 million for the quarter, compared to analyst estimates of $519.20 million. During the same period last year, the company earned $1.38 EPS. The business’s quarterly revenue was down 9.0% compared to the same quarter last year.

Several analysts recently commented on SCL shares. Zacks Investment Research raised Stepan from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Royal Bank of Canada began coverage on Stepan in a research note on Wednesday, July 3rd. They issued a “sector perform” rating and a $21.00 price target on the stock. Scotiabank downgraded Stepan to a “sector underperform” rating and set a $20.00 price target on the stock. in a research note on Tuesday, August 13th. BMO Capital Markets decreased their price objective on Stepan from $28.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Finally, ValuEngine cut Stepan from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Stepan presently has an average rating of “Hold” and an average price target of $54.14.

In other news, VP Sean Thomas Moriarty sold 1,092 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $95.11, for a total value of $103,860.12. Following the completion of the transaction, the vice president now owns 5,075 shares in the company, valued at approximately $482,683.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Luis Rojo acquired 300 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was bought at an average price of $86.64 per share, with a total value of $25,992.00. Following the acquisition, the chief financial officer now directly owns 1,900 shares in the company, valued at $164,616. The disclosure for this purchase can be found here. Insiders sold a total of 16,735 shares of company stock valued at $1,623,252 in the last 90 days. 11.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in SCL. Nuveen Asset Management LLC bought a new position in shares of Stepan in the 2nd quarter valued at about $22,128,000. Invesco Ltd. grew its holdings in Stepan by 322.1% during the second quarter. Invesco Ltd. now owns 239,248 shares of the basic materials company’s stock worth $21,989,000 after purchasing an additional 182,561 shares during the period. Wells Fargo & Company MN grew its holdings in Stepan by 42.9% during the second quarter. Wells Fargo & Company MN now owns 141,790 shares of the basic materials company’s stock worth $13,033,000 after purchasing an additional 42,601 shares during the period. Northern Trust Corp grew its holdings in Stepan by 11.5% during the second quarter. Northern Trust Corp now owns 356,285 shares of the basic materials company’s stock worth $32,747,000 after purchasing an additional 36,756 shares during the period. Finally, Hennessy Advisors Inc. bought a new position in Stepan during the second quarter worth about $2,987,000. Institutional investors own 72.22% of the company’s stock.

Shares of NYSE:SCL traded up $2.24 during midday trading on Friday, hitting $94.57. The company had a trading volume of 59,000 shares, compared to its average volume of 80,628. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 19.38 and a beta of 1.27. Stepan has a 12 month low of $69.17 and a 12 month high of $101.84. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $93.94 and a 200 day simple moving average of $90.56.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 29th. Stepan’s payout ratio is 20.49%.

About Stepan

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in North America, Europe, Latin America, and Asia. The company operates through three segments: Surfactants, Polymers, and Specialty Products.

See Also: How does quantitative easing work?

Get a free copy of the Zacks research report on Stepan (SCL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Stepan (NYSE:SCL)

Receive News & Ratings for Stepan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stepan and related companies with MarketBeat.com's FREE daily email newsletter.