Stepan Co. (SCL) Set to Announce Quarterly Earnings on Tuesday
Stepan Co. (NYSE:SCL) is scheduled to be announcing its Q316 earnings results on Tuesday, October 18th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $219.22 million for the quarter. Investors that wish to listen to the company’s 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 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. The company earned $454.60 million during the quarter, compared to analysts’ expectations of $453.45 million. Stepan had a return on equity of 16.78% and a net margin of 5.29%. Stepan’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, analysts expect Stepan to post $4.3 EPS for the current fiscal year and $4.42 EPS for the next fiscal year.
Shares of Stepan Co. (NYSE:SCL) opened at 70.77 on Monday. The company’s 50-day moving average price is $71.42 and its 200-day moving average price is $63.46. The stock has a market cap of $1.58 billion, a PE ratio of 17.38 and a beta of 1.17. Stepan Co. has a 52-week low of $41.42 and a 52-week high of $74.25.
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In other news, CEO F Quinn Stepan, Jr. sold 32,000 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $63.46, for a total value of $2,030,720.00. Following the completion of the sale, the chief executive officer now owns 157,247 shares of the company’s stock, valued at approximately $9,978,894.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott C. Mason sold 9,368 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $64.10, for a total value of $600,488.80. Following the completion of the sale, the vice president now directly owns 25,270 shares of the company’s stock, valued at approximately $1,619,807. The disclosure for this sale can be found here. 14.40% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in shares of Stepan by 5.0% in the second quarter. BlackRock Fund Advisors now owns 1,229,033 shares of the company’s stock worth $73,164,000 after buying an additional 58,545 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Stepan by 10.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 639,048 shares of the company’s stock worth $38,043,000 after buying an additional 60,934 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its stake in shares of Stepan by 2.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 303,759 shares of the company’s stock worth $18,083,000 after buying an additional 5,935 shares in the last quarter. BlackRock Investment Management LLC boosted its stake in shares of Stepan by 12.2% in the second quarter. BlackRock Investment Management LLC now owns 88,063 shares of the company’s stock worth $5,242,000 after buying an additional 9,550 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake 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 worth $3,529,000 after buying an additional 1,500 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.
Several research firms have commented on SCL. Seaport Global Securities raised their price objective on Stepan from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, August 24th. TD Securities reduced their price objective on Stepan from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 12th. National Bank Financial upgraded Stepan from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $32.00 to $37.00 in a report on Monday, August 15th. Finally, Zacks Investment Research upgraded Stepan from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Friday, July 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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.
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