Stepan Coverage Initiated at KeyCorp (SCL)
Stock analysts at KeyCorp began coverage on shares of Stepan (NYSE:SCL) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Shares of Stepan (NYSE:SCL) opened at 49.29 on Tuesday. Stepan has a 1-year low of $47.80 and a 1-year high of $67.20. The stock has a 50-day moving average of $50.77 and a 200-day moving average of $56.62. The company has a market cap of $1.099 billion and a price-to-earnings ratio of 16.37.
Stepan (NYSE:SCL) last announced its earnings results on Wednesday, July 23rd. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.05. The company had revenue of $504.10 million for the quarter, compared to the consensus estimate of $498.20 million. On average, analysts predict that Stepan will post $3.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Wednesday, August 27th.
Separately, analysts at National Bank Financial initiated coverage on shares of Stepan in a research note on Monday, July 14th. They set an “outperform” rating on the stock.
Stepan Company produces specialty and intermediate chemicals, which are sold to other manufacturers and then made into a variety of end products.
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